Should Aussies give up on the dream of owning their own home?

I don't care if they say the housing market in Australia is slowing down.

Housing prices, especially in Sydney, have broken my spirit. The money you have to spend for what you get, causes my stomach to clench (you don't want to know what it does to my sphincter).

So, it got me pondering, should Australians give up on the dream of owning a home? 

Financially renting can make more sense. You can live where you want rather than buying out in the sticks where you can afford.

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They say rent is dead money, but 30 years of interest is certainly dead money too.

If you have a business there are huge tax benefits if you have a home office while renting but not if you own your home.

Does the Aussie dream of owning your own home need to be updated?

Is it worth the money and stress?  We've had cases where parents get a negative mortgage to help their kids get into the housing market and then end up losing their own home. Is it too much pressure on everyone?

The 9Honey superstars Deb Knight, Jane De Graaf and Jo Abi all had opinions on this topic and shared them in the video above.