Mortgaged Homes Double Over the Last 25 Years: Australian Census

Mortgaged Homes Double Over the Last 25 Years: Australian Census
A general view of residential property across Sydney Harbour from Kirrabilli in Sydney, Australia, on May 8, 2021. Lisa Maree Williams/Getty Images
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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.

Alfred Bui
Alfred Bui
Author
Alfred Bui is an Australian reporter based in Melbourne and focuses on local and business news. He is a former small business owner and has two master’s degrees in business and business law. Contact him at [email protected].
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