Why More Australians Are Renting
Home ownership is becoming harder as prices rise faster than wages.
Key factors:
- Slower wage growth compared to property prices
- Limited new supply entering the market
- Higher construction costs reducing project feasibility
- More competition for available homes
Renting is no longer temporary for many households. It is becoming the long term norm.
The Supply Problem
Australia simply does not build enough homes to match demand.
Main issues:
- Not enough tradies
- Construction delays and cancellations
- Planning rules that limit density
- Fewer off the plan developments starting
- High material and labor costs
Without new supply, prices and rents continue to rise.
The Impact on Families
The rental squeeze affects quality of life.
Examples:
- Families forced to move far from support networks
- Inconsistent rentals due to short leases
- Difficulty planning for the long term
- Financial stress from rising rents
For many people, the idea of owning a home feels increasingly distant.
How to Break the Cycle
Australia needs more pathways into ownership so renting is not the only outcome.
What can help:
- Increasing housing supply through better zoning
- Faster approvals for well located developments
- Improved funding models for construction
- Programs that lower the entry cost for buyers
- Financial tools that allow deposits to be built over time
These steps help renters transition into ownership sooner.
Why Off the Plan Helps Buyers
Off the plan gives buyers a way to secure a property before paying the full deposit.
Benefits include:
- A lower upfront cost
- Time to build the rest of the deposit
- Access to new homes near transport and jobs
- Entry into suburbs that may be unaffordable once built
Off the plan is one of the few options that lets renters move toward ownership even when prices are rising.
Coposit: A New Path to Ownership
Coposit helps buyers with a smaller upfront amount and weekly payments during construction.
How Coposit helps:
- Buyers secure a property earlier
- The deposit is built while the project is being built
- It reduces the barrier of saving a full deposit at once
For renters who want to break the cycle, this can be the bridge into ownership.
The Path Forward
Australia will not fix the rental crisis without more homes and better entry pathways for first home buyers. More supply plus smarter buying models will help turn long term renters into future owners.
