Homeownership rate falls in 2018, but is back on track to top 2019 goal

Homeship rates have fallen to their lowest levels since early 2016.

The survey of 1,000 Australian homeowners found home ownership fell to 62 per cent of households last year, down from 64 per cent in 2015.

In contrast, it rose to 70 per cent among renters in the survey, up from 65 per cent.

Despite the drop in home ownership, the survey found households still plan to live in the property they bought.

Overall, only 13 per cent said they would be willing to sell their home and only 14 per cent would consider moving to another property.

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