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Property Management – no shortage of tenants!

By Lachelle Ferguson

An article in the Sydney Morning Herald (SMH) said the proportion of Australian families that rent has now drawn level with those who own their home outright, as young people give up the dream of owning their own home. ABS data shows 30.9% of Australians owned their home in 2011-2012, the lowest level on record and well beneath the 42% recorded in the mid-nineties. One in five households now spend more than 30% of their income on housing costs, a percentage the experts deem as indicative of financial stress.

Source: Sydney Morning Herald
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