Being a homeowner or tenant forever - has Australia's housing market changed?

The results show Australia appears to be shifting from a homeowner country to a 'forever renters' country.

"For Lease" signs are seen outside a block of units in inner Sydney on Friday, April 8, 2016. (AAP Image/Mick Tsikas) NO ARCHIVING Source: AAP / MICK TSIKAS/AAPIMAGE

New research has revealed the magnitude of rent rises that tenants have experienced in the past 12 months, with half of rent increases in existing tenants more than 10 per cent and one in six more than 25 per cent.

Meanwhile, the report found that 78 per cent of renters still want to buy a home, but 59 per cent think they never will.

One reason is rising rents are making it harder for people to save enough money to pay an initial down payment to buy a home.

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