‘Beyond reach’: Sydney’s owner-occupier rate slumps to 70-year low
Sydney's owner-occupier rate has dropped to a 70-year low of 59.9 percent amid soaring property prices, according to a KPMG report. Home ownership peaked at 68 percent in the mid-1990s but has steadily decreased since 2011, leaving four out of ten households as tenants. The median weekly rent in Sydney has reached a record $850, exacerbating affordability issues.
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Published 16 Jul 2026, 09:31 UTC · Updated 16 Jul 2026, 09:40 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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