Divide between rich and poor households widens

14.10.2011

Around 2.7 million Australians own their homes outright, while 3 million are under a mortgage. The average value of a directly-owned home, at $541,000 is slightly higher than that of a mortgaged house.

In total, over two thirds of Australian households are owned either directly or through a mortgage. Just over one in five households also own property other than the dwelling in which they live.