I don’t think that’s true. Recent (2020) stats at https://www.abs.gov.au/statistics/people/housing/housing-occupancy-and-costs/latest-release https://www.abs.go

I don’t think that’s true. Recent (2020) stats at https://www.abs.gov.au/statistics/people/housing/housing-occupancy-and-costs/latest-release https://www.abs.gov.au/statistics/people/housing/housing-occ... “…from 1999–00 to 2019–20, the percentage of Australian households that own their own home: … Without a mortgage decreased from 39% to 30%. With a mortgage increased from 32% to 37%.” And that’s only talking about owner-occupiers, not investment properties, which I suspect would overwhelmingly have mortgages.