‘It’s never going to happen’: three in five Australian renters expect to never own a home as steep rents hit

Nation of homeowners is about to flip' to having more people renting, which presents policy challenges, researchers say

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Kyle Ward wants to own a home. He and his wife have been saving hard, living in a cheap rental in Ipswich, Queensland for three years. Paying $365 rent a week, they were saving everything they could.

Ward, 36, earns $68,000 a year and his wife, 34, is a carer for her mother. She gets the pension - just over $1,000 a fortnight.

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