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: