2GB host Chris O'Keefe reveals how hard it is for young Australians to buy a ... trends now
A simple graph drawn on a whiteboard has exposed just how hard it is for young people to buy a home in Australia compared to previous generations.
Amid fears the housing crisis will only get worse with the arrival of more than one million people over five years, 2GB broadcaster Chris O'Keefe revealed a shock comparison of the home ownership rate among different age groups.
In a TikTok video, he drew a graph on a whiteboard showing that 80 per cent of Australians born in 1950 owned their own home by the age of 40.
For those born in 1960, this figure was more than 70 per cent while it fell slightly to just over 60 per cent for Aussies born in 1970.
When comparing how many Aussies born in 1990 owned their own home now, he drew a line that was essentially flat - saying it was 'two parts of bugger all'.
O'Keefe's figures broadly match the latest Australian Institute of Health and Welfare data which shows that just 49.7 per cent of people born from 1987-91 owned their own home by age of 30-34.
'If you're angry about home ownership in Australia, the simple answer is this: we must build more homes and we must make them affordable,' he said in his TikTok .
'Otherwise this line (on the graph) will never get up.'
2GB broadcaster Chris O'Keefe compared the percentage of homeowners over different generations, looking at those born in 1950, 60, 70 and 1990. The results showed those born in 1990 were struggling to afford their own home
O'Keefe's figures broadly match the latest Australian Institute of Health and Welfare data which shows that just 49.7 per cent of people born from 1987-91 owned their own home by age of 30-34
When looking at a direct comparison of the home ownership rate for