Home owners more likely to have children compared to renters, says a University of Sydney study

family sitting on the couch happy to own a home

Australia’s strong housing price increases can be linked to the likelihood of a couple having children, says a new University of Sydney study.

If you’ve been following the news you know that the Aussie housing market hasn’t stopped growing and in September of last year it reached $9.1 trillion in value. And anecdotally, many Aussie couples are among the contributors, fronting up to auctions to bid up and pay toward this total.

Typically couples look into buying a home when they want to grow their family. However, when that couple can’t buy a home, the chances of them growing or starting their family decrease, according to the Sydney Uni study.

The study analysed female owner-occupants and renter-occupants aged between 25 and 45 years old between 2001-2018, and found a distinct difference between the groups. For example, the study showed an increase of $100,000 in prices led women who owned homes to be 18% more likely to have a child. 

Meanwhile, in that same time period, women who were renters had a 25% lower intention of having kids. Also those who owned homes tended to have more children than their renter counterparts.

“The increase in housing costs may directly impact fertility, which may have significant fiscal implications over the long term,” concludes the study.

Are there cheaper houses available for first time buyers?

If you are a first time home buyer looking to get your foot in the door, do not be discouraged, however. There are tools to help, including one by mortgage broker Aussie, which created the Aussie Suburb Spotter Map to help you find homes with a deposit of $100,000 or less across Australia. Sometimes by exploring outside of popular suburbs you can find the house of your dreams at an affordable rate.

By simply doing your own homework too, you can usually pick up price differences between popular suburbs within a 30 kilometre radius of the CBD and say, an outer, less urbanised area. These outer suburbs tend to be more affordable.

There are also several government schemes in place to help potential homeowners to increase their purchasing power like:

Each scheme varies based on the state or territory you live in, so make sure to do your research first.

Interested in learning more information on how to buy a home? Head on over to the Mozo home loans guides to learn more. Alternatively, if you’re looking for a home loan check out our comparison table below.

Home loan comparisons on Mozo - last updated 14 May 2022

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  • Smart Booster Home Loan

    1 Year Discounted Variable Rate, Owner Occupier, Principal & Interest, <80% LVR

    interest rate
    comparison rate
    Initial monthly repayment
    1.99% p.a.variable for 12 months and then 2.48% p.a. variable
    2.47% p.a.

    A super low introductory rate home loan with no monthly or ongoing fees. loans.com.au has some of the fastest settlement times on the market. They can meet 30-day settlement timeline so you can start saving thousands, as soon as possible! Mozo award-winning online lender, friendly and local Australian based team.

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  • First Home Buyer Loan

    Owner Occupier, Principal & Interest

    interest rate
    comparison rate
    Initial monthly repayment
    2.64% p.a. variable
    2.66% p.a.

    A low variable rate loan for home buyers. No establishment or ongoing fees to pay. 100% offset account included. Allows for unlimited repayments, redraws and flexible repayment options.

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  • Variable Home Loan

    <80% LVR, Owner Occupier, Interest Only

    interest rate
    comparison rate
    Initial monthly repayment
    3.09% p.a. variable
    2.52% p.a.

    Rates have moved in line with RBA. Fast online application with no fees. Free extra repayments and redraw facility. Min 20% deposit.

    Details
  • Basic Home Loan

    Owner Occupier, LVR<80%, Principal & Interest

    interest rate
    comparison rate
    Initial monthly repayment
    2.49% p.a. variable
    2.49% p.a.

    Flexible loan structure – create up to six loan accounts with different rate and repayment types. Free redraw from your loan using Macquarie Online.

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  • Variable Home Loan Special

    Owner Occupier, Principal & Interest, LVR <80%

    interest rate
    comparison rate
    Initial monthly repayment
    1.99% p.a. variable
    2.02% p.a.

    Yard’s low-rate variable special home loan is packed with all features – unlimited additional repayments, free redraw, optional 100% offset account. Enjoy a simple online application. Special rate applies to home loan applications submitted by 31st May 2022.

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* WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

** Initial monthly repayment figures are estimates only, based on the advertised rate, loan amount and term entered. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.

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