A number of the top cities in Australia can boast the highest rate of homeownership in the country, according to data from the Australian Bureau of Statistics.
While the CBD of Melbourne tops the list, Sydney and Perth are the two most popular areas for residents to live.
Read more about housing:Australia has seen some of the fastest population growth in the world, which has pushed up the cost of housing, according the Australian Institute of Population and Social Research.
The median home price in Australia is $2.2 million, compared to $1.9 million in New Zealand, according data from realestate.com.au.
The median rent in Melbourne was $1,094 a month, according a report from the National Australia Bank.
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