Monday 12 May, 2008

Increasing percentage of 50-plus year olds still paying off mortgage.

The percentage of Australian households which fully own their dwelling has dropped significantly between 2001 and 2006, according to leading independent economic forecaster and industry analyst, BIS Shrapnel.

Between the 1991 and 2001 Census, 43-44 per cent of total households fully owned their dwelling and this dropped to 35.9 per cent in 2006, according to the Australian Bureau Statistics (ABS).

Contact: Angie Zigomanis