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Conversations, with Peter Costello AC, Former Treasurer of Australia

John Anderson: Conversations

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The Importance of Owning Your Own House

I think as inflation rises and interest rate rises, it kind of comes a bit of a shock. I do think it's important to give somebody a little stake. And I'll speak for this country. All of our research really shows that the difference between a secure retirement and an insecure retirement is owning your own house. But if you're still renting at 60, you're going to be under a lot more pressure. We didn't seem to be thinking it through clearly. They seem to be this demand that governments solve every problem. Western governments lost control of their budgets. Even Jordan Peterson's been fascinated by it.

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