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Abstract
The late 1990s saw the beginnings of a decline in Australia's high rate of home ownership. This trend, especially among younger people, appears to be driven by a complex of economic, social and demographic forces. The paper looks at this development from one specific viewpoint: the phenomenon of mortgage default. Recent data suggests a rise in the number of people falling into arrears on their mortgages, in some cases to the point of default. The paper surveys this outcome and analyses the factors responsible. Data drawn from the experiences of a state government mortgage lender is used to test the factors isolated in the literature as significant in this respect.
