Brisbane Times
·general
·4 hours ago
Australians over 60 control 27 percent of rental properties as young buyers
Australians over 60 now control 27 percent of rental properties, with ownership among this age group surging 233 percent since 1999, while under-30s ownership fell 13 percent, Australian Taxation Office data shows. Property prices in Sydney and Melbourne quadrupled and tripled respectively, pricing younger buyers out of the investment market.
Summary by Glance · Brisbane Times
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