Australian Dream is “a thing of the past”

According to recent research almost two-thirds of Australians believe the ‘Australian Dream’ of owning a home is a thing of the past.

The Real Home Reality survey, from Real Insurance, is the 14th instalment in a series of national studies investigating shifting values and concerns impacting Australian families.

According to the research, more than nine in ten of respondents said the new dream is achieving happiness. More than 65% of those said freedom and flexibility in life was the most important.

Real Insurance spokesperson, Tania Bradley, said the research presents fresh insights into the ‘Australian Dream’, which is constantly shifting as home ownership becomes less attainable.

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Source: Australian Broker