Purchasing a Home In Australia is often the single largest
investment a person or family will make. However, the younger generations are
giving up hope of ever buying their own home.
Buying A Home In
Australia Reshapen By Younger Generations
A report from the AIHW (Australian Institute of Health and
Welfare) pointed out that the younger generations may be restricting themselves
out of their market needs on their personal choices. Research shows these
younger generations of Australians are living with their parents for longer
because of the high cost of living, and they are getting crippled by debt. This
is what Australia is experiencing right now, the change of generations when it
comes to homeownership, with younger households being influenced by factors
which limit their ability to become homeowners such as economic challenges,
lifestyle choices, and work-home preferences.