Thursday, March 13, 2008

International: Divorce Stopping Home Ownership In Australia

Relationship woes rather than housing affordability is keeping younger Australians from home ownership, a new study has found.
Flinders University academics have found higher percentages of younger Australians are embarking upon home ownership than ever before.
Professor Andrew Beer surveyed 2,600 people to find the average age for first entry to home purchase had fallen over the last 30 years.
"(It's) because of the liberalisation of home lending, rising incomes and increasing aspirations," Prof Beer said...

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