The great Australian dream of owning a home is becoming more of a fantasy, with fewer than half of adults expected to become a home owner in the next few years.

Sky-high house prices are squeezing younger generations out of the property market, while older Australians are cashing in, a new report shows. The wealthiest households in the country are couples over 65, who have experienced a real increase in median net wealth of almost 70 per cent since 2002, the…