Only UAE has lower rate of young people owning homes, HSBC study finds, as stagnant wages reduce affordability
Australian millennials have the second-lowest rate of home ownership in the world, according to a study that also reveals house prices are growing much faster than wages.
The study by HSBC bank says only 28% of Australians aged 18 to 36 own the home they live in – a situation only narrowly better than the United Arab Emirates.
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