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

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Last updated 22 July 2024 Important disclosures and comparison rate warning*
  • Basic Home Loan

    • Owner Occupier
    • LVR 90-95%
    • Principal & Interest
    Interest rate
    7.19 % p.a.
    Variable
    Comparison rate
    7.22 % p.a.
    Initial monthly repayment
    $4,747
    Go to site

  • Basic Home Loan

    • Fixed
    • Owner Occupier
    • Principal & Interest
    • LVR 80-95%
    Interest rate
    6.75 % p.a.
    Fixed 3 years
    Comparison rate
    7.09 % p.a.
    Initial monthly repayment
    $4,540
    Go to site

    Get a flexible loan structure with up to six loan accounts with different rate types. Make free extra repayments. Enjoy free redraw facility. No upfront or ongoing fees. Option to earn Qantas points.

  • Offset Home Loan

    • Fixed
    • Owner Occupier
    • Principal & Interest
    • LVR 80-95%
    Interest rate
    6.75 % p.a.
    Fixed 3 years
    Comparison rate
    7.30 % p.a.
    Initial monthly repayment
    $4,540
    Go to site

  • Special Real Deal Home Loan

    • Owner Occupier
    • Principal & Interest
    • LVR 80-95%
    Interest rate
    6.84 % p.a.
    Variable
    Comparison rate
    6.88 % p.a.
    Initial monthly repayment
    $4,582
    Go to site

    Refinancers or first home buyers pay no monthly or annual fees. Flexibility to choose your repayment schedule (weekly, fortnightly or monthly). Redraw facility available. Split your home loan into multiple loan accounts.

  • Basic Home Loan

    • Owner Occupier
    • LVR 90-95%
    • Principal & Interest
    Interest rate
    7.19 % p.a.
    Variable
    Comparison rate
    7.22 % p.a.
    Initial monthly repayment
    $4,747
    Go to site

  • Offset Home Loan

    • Owner Occupier
    • LVR 90-95%
    • Principal & Interest
    Interest rate
    7.19 % p.a.
    Variable
    Comparison rate
    7.43 % p.a.
    Initial monthly repayment
    $4,747
    Go to site

image of houses

Need help with refinancing?

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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. You can change the loan amount and term in the input boxes at the top of this table. 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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