As is often pointed out in the media, home ownership for many Australians is becoming an increasingly distant dream.

Statistics tell the story. In the June quarter, ABS figures show that the average dwelling price in capital cities stood at $623,000 – almost double its level of 10 years ago and 7.6 times the average full-time adult wage. Census figures show that the portion of 25-to-35-year-olds who owned their…