Originally published: The Adviser, 4 December 2025
The vast majority of Australians believe that their housing situation plays a vital role in their mental wellbeing, according to new research.
Great Southern Bank’s latest No Place Like Home report has revealed that housing is a core player in mental wellbeing.
The third annual report – which is based on a survey of approximately 2,000 Australians aged 18-65 conducted by The Clever Stuff, in partnership with Pureprofile – has shown that a person’s housing situation is tied closely with their emotional and mental state.
Older Australians, in particular, have a higher link between their housing situation and their mental wellbeing. According to the report, 87 per cent of Baby Boomers believe their housing situation plays a vital role in their mental wellbeing, compared to 85 per cent of Millennials and Gen X, while just 78 per cent of Gen Z believe so.
Great Southern Bank said this demonstrates how the link between housing and mental health strengthens with age, as older Australians place greater importance on stability and security when thinking about their long-term wellbeing and life satisfaction.
Instead, younger Australians tend to prioritise affordability and flexibility, reflecting their life stage and their financial situation.
