‘A Dream won, a crisis born?’ Home Ownership and the Housing Market

Abstract

If the Great American Dream may be seen as involving achieving wealth in business through enterprise and hard work, Australians have also had a more modest ambition: to own their own home and establish the lifestyle they desire. It is a goal that most Australians realise. Just over two-thirds of families and single people living in Australia own, or are purchasing, their home, and approximately 85 percent of Australians move through home ownership at some stage in their life.