Many young Australians will never be able to pay off their mortgages

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    http://www.news.com.au/finance/econ...s/news-story/6b1844ce02ec4c2fbfca7769c820b080

    IF YOU aren’t on the property ladder by 35 then you could be paying off your mortage with your superannuation, a property expert has warned.
    The stark statement comes as figures show the wealth gap between generations is widening with home ownership among young Australians falling to the lowest level on record.
    Startling Grattan Institute statistics show wealthy people aged 55-64 are the only group which has seen its home ownership rates increase over 30 years.
    The biggest falls in ownership have been suffered by the young people aged 25-34, who saw their home ownership rate drop by more than 30 per cent from 1981 until 2011. Only 45 per cent of them own their own homes.
    This is down 16 per cent from the 1980s, with almost half the decline coming in the past decade.
 
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