Survey Reveals Dream Is Still Alive
Half of Aussies polled for a recent survey believe the property dream is still alive and well, according to the CommBank Connected Future Report.
The survey asked Australians about how they perceive their future, the property market, adapting to a changing workforce and life for younger
generations. Just over half of the respondents said the Australian dream is being re-defined.
Demographer and futurist Claire Madden, who authored the CommBank Connected Future Report, says a remarkable insight from the data is the resilience and tenacity Aussies have in the face of economic uncertainty.
“While the Australian property dream looks markedly different in 2017, the majority of Australians either fully own or are paying off their home,” she said. “This has remained constant over the past five decades so, despite uncertainty, the Australian dream has clearly lived through time.
But she says the Australian ‘dream home’ is no longer a weatherboard standalone house. It is an architecturally designed product, as the quality of dwellings has risen over time.
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