Talk:Home ownership in Australia
|WikiProject Australia||(Rated Start-class, Mid-importance)|
Out of date sources
This statement is likely to be out of date: "55% of low-income households and 80% of high-income households are home-owners." -- the citation is 33 years old. What are the current stats? —Preceding unsigned comment added by You, Me and Everyone Else (talk • contribs) 16:11, 15 September 2010 (UTC)
I removed it; there is no chance that data from 1977 and 1986 - a time when the Soviet Union was still around and the Internet itself was not - is still acurate or relevant to such a variable thing, and its remaining presence serves only to mislead readers. Additionally, altered the 70% of home ownership to the more recent 67%, to reflect the more recent 2011-2012 ABS report on home ownership. DC'sTasmanianDevil (talk) 10:56, 21 January 2015 (UTC)
But the 67% statistic is itself misleading, unless properly qualified. In 2011, about 32% of homes were owned outright, about 35% were owner/purchasers with a mortgage, the remaining 33% being almost wholly renters. Source ABS 2011 Census QuickStats
While the [[Australian property market] is the smallest of the three, I think that it is the major topic, with the other two being subsets of that topic. I believe that Australian property bubble suffers from recentism and has become overblown. In addition, the article title there is not really appropriate. There is no clear evidence that there is a property bubble in Australia because there has not been a substantial drop in prices. That may yet happen, but wikipedia should not be a crystal ball. In addition, assuming that the present increase in house prices does constitute a bubble, there is at least one other property bubble in Australian history (1880's, especially in Melbourne, see A History of Housing Prices in Australia 1880-2010 for example] and potentially the price changes in the early 1920s nationally and the late 1950s through to the 1960s, especially in Sydney.
I think that by merging the three articles and then building up a balanced section on the current rise in prices, we will have a better article overall.
The article Home ownership in Australia is basically a stub at present but takes a more social viewpoint. Once again, I think that it will benefit by being part of a broader article initially and perhaps expanding in to a separate article in the future.
Graph of floor area
That graph of floor area is grossly misleading. In the US floor spaces such as Garages and basements are not counted as "floor space". In Australia, they are, grossly inflating the floor space data.
Upon looking into the matter, it seems that US floor area does not account for basements or garages, whilst Australian ones do account for garages (I could find nothing on basements, likely because they are so rare in the nation). As such, that information has been included in the caption of the graph so that the reader may be better informed. DC'sTasmanianDevil (talk) 10:57, 21 January 2015 (UTC)