couple rubbing pennies together

Many Australian children come from families that have experienced housing affordability stress for a period of time while they were growing up, according to research by the Australian Institute of Family Studies.

The Institute’s Director, Anne Hollonds said that data from the Growing Up In Australia Longitudinal Study of Australian Children showed that about 30 per cent of children in the study experienced housing affordability stress at some stage between 2006 and 2014.

“The increasing cost of purchasing a home and a shift from mortgages to rental accommodation, means that many children are being raised in families facing housing affordability stress, despite lower interest rates,” she said.

Households identified as being in housing affordability stress are those with an income level in the bottom 40 per cent and are paying more than 30 per cent of their income on housing costs.

Lead researcher, Dr Diana Warren said the study found that housing affordability stress affected families who were renting more than those with mortgages.

Read more at AIFS



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