The Geography of the Australian Dream

The Australian economy is performing well by many standards. The rate of unemployment is almost at a 50-year low. Real incomes are rising for the first time in decades as a result of the strong GDP expansion.

However, because of the high rate of inflation, the Reserve Bank of Australia (RBA) raised interest rates seven times between May and November this year, with potential for further rate increases in the future. House prices have decreased as a result, nationally by 6% from the most recent peak, and by 10% in Sydney.

To better understand the geography of the Australian Dream, YouGov conducted a large survey of more than 10,000 Australians from late August to early October. The data collected for this survey was used not only to obtain a snapshot of current attitudes, but also to model attitudes across different parts of Australia, to understand regional variation in attitudes towards the housing market.

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