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Dual Income Power

July 14, 2009 Money & Finance No Comments
extreme makeover home edition
Creative Commons License photo credit: Nancee_art

Don’t worry that you’ll end up renting for the rest of your lives while paying off the wedding and honeymoon expenses.

New research into home ownership trends reveals that couples who marry (and stay married) are more likely to own their own homes.

The study, carried out by the Australian Housing and Urban Research Institute, looked at house dwellers between the ages of 35 and 64. The results showed that 88% of married couples owned their own homes compared to 49% of single people.

Take note – the study found that getting divorced or separated has dire consequences for household wealth and home ownership levels, but divorcees who remarry are likely to recover their status.

Statistic NZ figures show that one out of three people who got married in the past year, had been married before.

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