Episode Details

Sydney’s home ownership rate has plummeted to a 70-year low, with just 59.9% of residents owning their homes in 2025—down from 68% a decade ago. Median house prices have soared from $646K in 2011 to $1.79M today, forcing more people into rental housing, now at 40% compared to 30% a decade ago. Young renters in their 20s and 30s are especially hard hit, struggling to save for deposits despite steady incomes, with some fleeing to cities like Newcastle to buy. The trend is dragging down Australia’s national home ownership rate, as Sydney lags while other states see stability or growth. New government policies aim to ease entry for first-timers through tax reforms, but experts stress that increasing affordable housing supply is the real fix.

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