A new survey has revealed that the average Australian home is a bit of a rock bottom when it comes to buying a home, as most people are likely to be living in an apartment rather than a house.
But the research by Domain Group also found that people are more likely to buy a new flat than a home.
The research found that the majority of Australians live in apartments.
This was especially the case in rural areas where people are generally more likely than people in cities to live in a house and to be renting rather than buying.
This is likely to result in an oversupply of homes and a lack of affordable options.
“Most people have never lived in a home and don’t have the time or money to invest in a new one,” Domain Group managing director James Cook said.
“It is very important that all Australians have the right home.”
Read more about housing:Read more about the research.
What you need to know about property:The Domain Group research found the median household income in Australia was $52,600 in 2016.
That was up from $50,900 in 2010 and $49,600 five years earlier.
The average property price was $550,000, which was up 14 per cent from $480,000 in 2010.
However, the average price of a house was $1.6 million in 2016, down from $1,821,000 five years ago.
It is worth noting that the number of people living in homes has been increasing.
It rose from 2.2 million in 2007 to 2.3 million in 2020.