With the latest release of data from the 2016 Census providing data on households and housing, augmenting the prior release with incomes, it is possible to explore some of the key trends that have occurred over the past five years, and to determine the extent to which anticipated outcomes have or have not occurred.
This brief examines four important trends:
1. An unprecedented decline in ownership rates – especially among typical first time buyers;
2. Higher income households more prominent as renters and there are fewer low income renters;
3. Affordability issues spreading into higher income bands;
4. Persisting shortage of lower rent options drive low-income renter affordability issues.
For more see here: census 2016 initial insights