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Despite the rise in house and living prices over the past few years, it seems the ‘Great Australian Dream’ is very much alive and kicking for Millennials. The latest Perceptions of Housing Affordability report shows that more than 90 per cent of Millennials still consider home ownership important. Yet, just under half don’t believe home ownership is achievable in their lifetime. How did we change so quickly in one generation?
The same survey found that a growing group of Millennials believe they will have to live at home until at least 30 before they will be able to afford to buy a home, and a whopping 34 per cent were still living at home when surveyed. Is the dream of owning property and being financial further away than ever for young Australians? That's what yInvest is for. This doesn't need to be your story. Kickstart your wealth creator journey.