The newly released 2021 Australian census has shown that the number of homes owned with a mortgage accounts for more than a third of the country’s 10.8 million private dwellings, doubling the figure from 25 years ago.
On the other hand, less than a third of the homes were owned outright, and a similar percentage of dwellings were rented.
Australia’s deputy statistician Teresa Dickinson said that the percentage of homes owned either outright or with a mortgage in 2021 did not change significantly compared to 1996.
“However, the share of homes which are owned with a mortgage, rather than outright, has been growing,” she told a media conference in Canberra….