Your home is your sanctuary, your fortress, your environment.
From your interior design to your suburb choice, finding the right home can often become a centre point for balance. Being aware of our environment and its impact on us, is the first step on this journey. Finding balance in this key is not only about where to live but living in a way that is sustainable and in sync with our values.
The status quo
Home ownership is a big part of the Australian dream and is often one of the most talked about issues in the media today. Here are the latest stats:
- Of occupied private dwellings in Australia, 32.1% were owned outright, 34.9% were owned with a mortgage and 29.6% were rented.
- The median monthly mortgage repayment was $1,800 and the median weekly rent was $285.
- In 2011-12 there were 48,459 renovations above the insurable value of $3,300, at an average cost of around $37,500.While new construction fluctuated in recent years, the renovation sector held up.
- Three in every 10 households with a home loan are suffering mortgage stress according to 2011 ABS census data.
- Almost a fifth of first-home buyers are facing the prospect of losing their homes within months, according to an independent research survey of 26,000 new home owners.
Balance survey findings
Three-quarters of the people who responded to our Balance survey ranked their home environment as the first or second most important key for finding balance.
Two thirds of us are either in the process of improving our home environment or thinking about it. Nearly 20% would like help to do this, while another 20% will rely on the advice of friends.
Tell us what home means to you in our forums and what you are going to do to improve this area of your life
Sources: ABS 2011 Census QuickStats, Australian Mortgage Stress Analysis by Digital Finance Analytics, Master Builders annual building outlook