Housing Affordability

The impact on young Australians who are interested in buying a home of their own has been very significant. Australia's housing affordability [now:has] shapes the typical housing cycle or housing career as some people call it. Most Australians in the [normal:long] course of events are people who move through the [housing:neighbor] cycle in a way that matches the [stages:ability] of life that they're at. So, they [move:run] out of the family home in their late teens or early 20s as they gain their independence from their families, then they [rent:lease] to save for a home they can afford as either a group or maybe a couple. And maybe they can [upgrade:capture] it when they have a family in their middle age, they are more than likely [to:for] [:have] paid off their mortgage. And that means they have housing [security:deposits] in their old age. That's no longer the typical housing cycle for Australians, young people generally live at home for much longer than they once did. They generally rent for longer and they're more likely to be saddled with a mortgage not just into their [middle:housing] age but more often than not into their retirement as well.