Home ownership rate among young dips

Matt Cowgill, the "Economics-talking guy at the Australian Council of Trade Unions", tweeted that the home ownership rate among 25-34 year olds has dipped below half.

He put out a picture of the Grattan Institute graph showing home ownership rates by age cohort.

The home ownership rate among 25-34 year olds has dipped below 50% for the first time in decades (via @GrattanInst): pic.twitter.com/zlzrcqoUXW

— Matt Cowgill (@MattCowgill) October 21, 2013

This has recently been a much-talked about topic, with Property Observer writing about government policies favouring the wealthy property owners, rather than renters

Observer Catherine Cashmore also weighed in on the debate and the problem with negative gearing for those trying to enter the market.

 While the REIA agrees with the Grattan Institute's comments, they still say that negative gearing should be left alone.