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OWNERSHIP OF OTHER PROPERTY
There are many Australian households that own more than one dwelling. Results from the SIH show that in 2013-14 there were 1.5 million households that owned residential property other than their usual residence. This property, referred to in the SIH as ‘Other residential property’, can include properties purchased as an investment or as holiday homes.
Owner occupiers were more likely to own additional property, with around 1.2 million owner households owning other residential property. This compares to 263,000 who own other property but are currently renting their usual residence.
Footnote(s): (a) Equivalised Disposable Household Income. See Explanatory Notes for more information (b) Lower income households are those containing the 38% of people with equivalised disposable household income between the 3rd and 40th percentiles of EDHI. See Explanatory Notes for more information
Source(s): Graph data SIH
As shown in Graph 1, ownership of other property is highest for those in the highest quintile of equivalised disposable household income, with 39% of all households in this quintile owning property that they do not currently reside in, compared to 12% of all households in the lowest quintile. For more information on equivalised disposable household income see the 'Explanatory Notes' of this publication.
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