Australia is pricing young buyers out of the housing market. Unfortunately, debt-free home ownership in the retirement years is a key part of the Australian welfare system. This paper provides one possible solution to the current housing predicament in Australia. In doing so, the paper examines the housing strategy in Singapore, where residents are provided with accommodation at a reasonable cost. This strategy is examined and translated for use in Australia. In conclusion, the paper proposes that the Singapore model of home ownership is worthy of consideration by the government of Australia. The Reserve Bank of Australia (RBA, 2015) in its submission to the Inquiry into Home Ownership by the House of Representatives Standing Committee on Economics stated that the Australian welfare system is designed in such a way that debt-free home ownership in the retirement years is a key part of avoiding poverty in old age. In other words, the current rate at which the Age Pension is paid to eligible retirees is not sufficient unless the majority of age pensioners own their home and do not need to pay a market rate of rent for their accommodation (Yates & Bradbury, 2010).