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The proportion of Aussie households renting their dwelling increased to 32%, as homeownership in the country fell to 66% in 2018, according to a new analysis from the Australian Bureau of Statistics (ABS).
Housing Minister Michael Sukkar urged first-home buyers to try and grab a property now before the introduction of the First Home Loan Deposit Scheme in 2020.
The housing markets in Australia’s capital cities do not benefit from the booming population because internal migration favours satellite cities, according to research from Propertyology.