Life in the Next Third | AustralianSuper - Home in the Next Third

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Your home.

Chances are it’s the biggest investment you have

Australians have long been obsessed with owning property

next

The timeless dream

Buying a ¼ acre block became the national aspiration

Proportion of owner occupied private dwellings

1947
0%
1966
0%
1986
0%
Source
Trends in home ownership in Australia: a quick guide, A. Hall (based on Census data), Parliamentary Library, June 2017

Living larger

Our houses got bigger, but land stayed the same size

Since the 80s, the average floorspace of new houses has risen by

House

0%
Source
National Wealth, Land Values and Monetary Policy, P. Lowe, Reserve Bank of Australia, (2015)

Building blocks

Now we’re fixated on fixing our houses (just look at The Block)

2011-2018

The Block rated in
the top 5
non-sport
programs every year

Source
TV Tonight, © OzTAM Pty Limited. The Data may not be reproduced, published or communicated (electronically or in hard copy) without the prior written consent of OzTAM.
Source
15th Annual Demographia International Housing Affordability Survey, Demographia, 2019; Money in Retirement - More than enough, J. Daley and B. Coates, Grattan Institute, 2018

So, how do you make the most of your home?

Choose your retirement situation:

You can’t escape it.

Retirement involves big decisions.

Emotional decisions