Home ownership is an important part of the Australian Dream, but how many have actually realised it? This FACT indicates the percentage of privately owned dwellings with a mortgage in each Australian capital city. Just over one third (34.5 percent) of occupied dwellings in Australia are owned with a mortgage. In 2016, the city with the highest percentage was Perth, at 41.9 percent. The city with the lowest was Sydney at 33.2 percent.