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The end of the Australian Dream? How Australians feel about housing, opportunities for the next generation, and their own retirement

14 October 2024

This report shows results from MRPs fit to three questions asked in surveys

run by RedBridge and Accent Research between 15 May and 27 August,

2024.

Our analysis reveals that just 15 per cent of voters believe that it is possible

for young Australians to buy a home without help, fewer than eight

per cent say that on average the standard of living will be better for the

next generation of Australians and 27 per cent are very confident that

their retirement will be financially secure.


This pessimism about access to the Australian Dream appears to have

political consequences.


While views on the likely quality of life for future generations are not

strongly associated with swings to or from the government (more optimistic

seats are actually predicted to be swinging towards the Coalition),

this is not the case for the other two measures examined in this report.


The first preference and two-party swing against Labor is predicted to

be largest in those electorates where fewer voters believed home ownership

is attainable for young Australians without help from their family,

and fewer voters anticipate a secure retirement (predicted swings taken

from the Accent Research - RedBridge vote intention MRP).


This indicates that the ongoing housing affordability and cost of living

crises are biting, and some voters, at least, may be willing to punish the

government at the ballot box.


Read the full report here:



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