The staggering number of Australians giving up on home ownership

A new poll shows a staggering two-thirds of people agree young Australians will never be able to buy a home.

The Resolve Political Monitor poll, conducted for The Age, found 63 per cent of low-income earners and 54 per cent of people on middle incomes don’t believe they’ll ever own their own home.

Since 2005, mortgages held by the big four banks have increased from $364 billion to almost $1.6 trillion.

Press PLAY below to hear what the shadow minister for home ownership thinks must happen

Shadow minister for home ownership and housing affordability, Jess Wilson, says governments have “to do something to change the equation”.

“We need to look at ‘What levers can government pull to make it easier?’,” she told Neil Mitchell.