How housing made rich Australians 50% richer, leaving renters and the young behind – and how to fix it
- Written by Brendan Coates, Program Director, Economic Policy, Grattan Institute
ShutterstockCompared to the rest of the world, income inequality is not particularly high in Australia, nor is it getting much worse – until you include housing.
Rising housing costs have dramatically widened the gap between what Australians on high and low incomes can afford. Rising home prices paired with plummeting rates of homeownership...
