Gen Z giving up on dream of home ownership

GENERAL NEWS

MORE than one-third of Australians aged 18 to 25 have no property plans over the next decade, as the cost-of-living and housing crises put property goals further beyond reach...

New research by Compare the Market shows Generation Z Aussies are 10% less likely than their American counterparts, and almost 20% less likely than their...

Nearly half – 48.1% – of Gen Z Aussies that do have property plans intend to take up a second job or side hustle in order to get into the market, compared to just over...

Only about half of Australians with property plans intend to save money for these goals by reducing non-essential spending. This was consistent across all age groups...

One-quarter said they would move to a more affordable area. House prices hit new records again in February and CoreLogic data shows every one of Brisbane’s suburbs saw...

Less than one in five in the Compare the Market survey said they would invest in the stock market, but Gen Z came in highest among all generational brackets with 29.1%...

“There is no denying that owning or improving a home can be extremely expensive. For many people, buying a home will be the biggest purchase of their life, and a home loan might be...

“It is important to plan accordingly, budget effectively and have realistic expectations if you want to achieve your goal.”...

Across the entire cohort, more people said they are willing to sell personal belongings and family heirlooms as a method to save for property plans than move into...

Housing demand is being buoyed by population growth, tight rental markets, resilient labour market conditions and recent home equity gains....

Meanwhile, supply chain issues, sharps rise in construction costs and labour and materials shortages have slowed the delivery of new builds. The Urban Development Institute of...

Related stories

Related stories

Related stories

Related stories

Related stories

Related stories

Related stories

Related stories

Related stories

Related stories

Related stories

Related stories

Related stories

Related stories

Related stories

Related stories

______________________________

Connect with us: