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Dec 11, 2024 | 
theconversation.com | Melek Cigdem-Bayram |Gavin Wood |Miranda Stewart |Stephen Whelan
There are growing concerns about wealth inequality in Australia and what it means for people’s ability to get ahead. For many, home ownership has become a pipe dream. Huge numbers of Australians now feel the cards are increasingly stacked against them. Our recent working paper examined changes in absolute and relative wealth held by Australians, using data from the Household, Income and Labour Dynamics in Australia (HILDA) Survey.
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Oct 10, 2024 | 
apo.org.au | Deb Batterham |Margaret Reynolds |Melek Cigdem-Bayram
Description Homelessness has grown in the suburbs of Australian capital cities, with more than 60 per cent of those experiencing homelessness at the 2021 Census found in Australia’s capital cities (up from around 48 per cent in 2001). Homelessness has increased especially in areas with greater shortages of affordable private rental housing (relative to demand from low income households).
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Jul 20, 2023 | 
apo.org.au | Stephen Whelan |Kadir Atalay |Garry Barrett |Melek Cigdem-Bayram
Description This research analyses the economic constraints on people’s ability to buy a home over the four decades from the early 1980s. It analyses how home ownership has evolved over time; considers demand subsidies provided to first homebuyers; and examines the support from other family for first homebuyers. Home ownership rates for people aged 30 have fallen from a high of 65 per cent among those born in the late 1950s to around 45 per cent among those born in the 1980s.
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Jun 4, 2023 | 
innereastreview.com.au | Rachel Ong ViforJ |Christopher Phelps |Melek Cigdem-Bayram
With soaring house and rental prices, what are the structural problems within the global housing market? For generations, the great Australian dream of owning your own home was a given. But now Australians under 30 are the generation which has had the home ownership door slammed in their face. House prices have risen so quickly (more than 60 percent from 2015-2022) they have vastly outpaced wages growth. Even if young people can scrape together a deposit - many can't - repayments are prohibitive.
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Jun 4, 2023 | 
examiner.com.au | Rachel Ong ViforJ |Christopher Phelps |Melek Cigdem-Bayram
Expanding wealth gaps are not limited to age differences alone. As depicted in the table below, the gap favouring income-rich Australians over the income-poor doubled to 191 percent in 20 years. Similarly, the gap between urban and regional areas doubled from 46 percent to 93 percent, favouring city dwellers. Nevertheless, the disparity in housing wealth based on age remains notably larger than those based on income and geography.
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Jun 4, 2023 | 
canberratimes.com.au | Rachel Ong ViforJ |Christopher Phelps |Melek Cigdem-Bayram
Expanding wealth gaps are not limited to age differences alone. As depicted in the table below, the gap favouring income-rich Australians over the income-poor doubled to 191 percent in 20 years. Similarly, the gap between urban and regional areas doubled from 46 percent to 93 percent, favouring city dwellers. Nevertheless, the disparity in housing wealth based on age remains notably larger than those based on income and geography.
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Jun 4, 2023 | 
gleninnesexaminer.com.au | Rachel Ong ViforJ |Christopher Phelps |Melek Cigdem-Bayram
With soaring house and rental prices, what are the structural problems within the global housing market? For generations, the great Australian dream of owning your own home was a given. But now Australians under 30 are the generation which has had the home ownership door slammed in their face. House prices have risen so quickly (more than 60 percent from 2015-2022) they have vastly outpaced wages growth. Even if young people can scrape together a deposit - many can't - repayments are prohibitive.
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Jun 4, 2023 | 
lismorecitynews.com.au | Rachel Ong ViforJ |Christopher Phelps |Melek Cigdem-Bayram
With soaring house and rental prices, what are the structural problems within the global housing market? For generations, the great Australian dream of owning your own home was a given. But now Australians under 30 are the generation which has had the home ownership door slammed in their face. House prices have risen so quickly (more than 60 percent from 2015-2022) they have vastly outpaced wages growth. Even if young people can scrape together a deposit - many can't - repayments are prohibitive.
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Jun 4, 2023 | 
newcastleherald.com.au | Rachel Ong ViforJ |Christopher Phelps |Melek Cigdem-Bayram
Expanding wealth gaps are not limited to age differences alone. As depicted in the table below, the gap favouring income-rich Australians over the income-poor doubled to 191 percent in 20 years. Similarly, the gap between urban and regional areas doubled from 46 percent to 93 percent, favouring city dwellers. Nevertheless, the disparity in housing wealth based on age remains notably larger than those based on income and geography.
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Jun 4, 2023 | 
illawarramercury.com.au | Rachel Ong ViforJ |Christopher Phelps |Melek Cigdem-Bayram
Expanding wealth gaps are not limited to age differences alone. As depicted in the table below, the gap favouring income-rich Australians over the income-poor doubled to 191 percent in 20 years. Similarly, the gap between urban and regional areas doubled from 46 percent to 93 percent, favouring city dwellers. Nevertheless, the disparity in housing wealth based on age remains notably larger than those based on income and geography.
