Housing affordability Federal Budget 2017

The Grattan Institute report on housing released today illustrates how, when it comes to housing, Australia's middle- and higher-income earners have successfully waged economic war on the young and low-income earners over the last 40 years.

The success is clear from some compelling data in the report: ownership of housing by 25- to 34-year-olds has fallen from over 60% in 1981 to 45% in 2016. And ownership among the lowest 20% of income earners has fallen from between 60-70% for all groups under 55 to below 50% -- and to just above 20% for 25- to 34-year-old low-income earners.