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1370.0 - Measures of Australia's Progress, 2010  
Previous ISSUE Released at 11:30 AM (CANBERRA TIME) 15/09/2010   
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Housing

Home ownership rate(a)
Graph Image for Home ownership rate(a)

Footnote(s): (a) Proportion of owner occupied private dwellings.

Source(s): ABS data available on request, Census of Population and Housing

LEVELS OF HOME OWNERSHIP

Home ownership is a widely held aspiration in Australia, providing security of tenure and long term economic benefits to home owners. Owning a home can also bring social and cultural benefits such as a sense of belonging. For some home owners, the dwelling and the land on which it stands is a major asset, and for many it is their main asset.

Home ownership rates have been fairly stable at around 70% for many decades. As measured in the ABS Census of Population and Housing, in 1971 the home ownership rate was 69% and in 2006 it was 70%, with small fluctuations around 70% in the intervening Censuses.

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