Why Young Aussies Can't Afford Homes

How tough it is for millennials to buy homes nowadays? Let’s break it down. In the 1980s, homeownership among thirty-somethings was around 60%. Today? Just over 40%. What happened? Well, back then, the median house price was about 2.6 times the median income. Now, it’s 7 to 8 times! Wages haven’t kept up, making saving for a house feel impossible. Plus, many young people are staying in school longer, delaying their entry into the workforce. By the time they start saving, house prices have soared even higher. But it’s not just about money. Flexibility is key. Younger generations prioritise experiences and career mobility over settling down. Renting gives them the freedom to chase opportunities anywhere, anytime. So, it’s not just one factor, but a mix of financial hurdles and lifestyle choices shaping this trend. Want to own a home? try something different.... Social Funding by MyBrix. #MillennialHomeOwnership #RealEstateTrends #HomeBuyingChallenges #MillennialFinance #AffordableHousing #MyBrix