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Home ownership dream shattered over the generations (API Magazine)

The harsh statistics presented by years of Census data are undeniable and track the continued decline in home ownership since the 1940s.

Unveiling a slow and steady decline in home ownership for young people, the Census data shows that in the period 1947-1951, 54.2 per cent of people aged 25-29 were homeowners.

But by 1971 this had dropped to 43.5 per cent, and 20 years later in 1991 was 37.4 per cent  – and the latest data from Census 2016 shows that 15 years later home ownership for young people is still at this low level of 37.4 per cent.

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