Priced out of home ownership, could an entire generation be stuck renting forever? | ABC News

Young renters Erin and Jack say they have more or less resigned themselves to never being able to afford their own home.

According to the Grattan Institute, until the late 1990s house prices broadly tracked income growth. But between 1992 and 2018 house prices grew at almost three times the pace.

Subscribe: http://ab.co/1svxLVE
Read more here: https://www.abc.net.au/news/2024-08-1...

ABC News provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.

For more from ABC News, click here: https://ab.co/2kxYCZY
Watch more ABC News content ad-free on ABC iview: https://ab.co/2OB7Mk1

Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2
Like ABC News on Facebook:   / abcnews.au  
Follow ABC News on Instagram:   / abcnews_au  
Follow ABC News on X (Twitter):   / abcnews  

Note: In most cases, our captions are auto-generated.

#ABCNews #ABCNewsAustralia