Gen Z will NEVER own a home!

Housing affordability remains one of Australia’s clearest - and most frequently cited - examples of intergenerational inequality. Over the past 20 years, home ownership has fallen from 70% to 66%, and for young generations the uphill struggle to break into the housing market has only become steeper. Homeownership among 25-29 year olds has fallen from 43.2% to 36.1%. For Gen Z the situation is looking even more dire with the hope of owning their own home turning into a pipe dream.
CIS Research Analyst Emilie Dye explains how we got here and how we can fix the problem. For more detail check out her recent research paper, www.cis.org.au/publication/ho...
#auspol #housingmarket #housingaffordability
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[@jetnavigator]

I don't know a single person who wants to live in medium/high density housing and I've lived in Sydney for 30 years.

[@slackra3400]

Big Australia property developer funded propaganda...

[@gordonflash8976]

Yeah I call bs on people wanting to live in medium density housing. To make housing cheaper businesses need to be incentivised to move out of the big cities, to where housing is cheaper. It is the government being so involved in the corporate world/businesses that means they do not move from big cities. Covid proved it can be done.

[@Treshar]

I moved out of the suburb i grew up in to a regional area and was able to afford a house on my own. People need to stop limiting themselves to cities, there are plenty of regional areas with great employment opportunities and affordable housing.

[@DanHowardMtl]

She's great!

[@JoshWashington]

Its a supply and a demand problem. Cant just blame one of them. In the current context it doesn't help the ratio, when immigration is soooo high.

[@CISAus]

Will Gen Z be priced out of the market?

[@Maya-ef9xc]

I think so!

[@DanHowardMtl]

If you give commies any power whatsoever then yes. This is what deportation is for.

[@YoureNowOnTV]

Perhaps in an alternate universe Zoning will be the next popular media hot topic? Climate change is too mainstream now. “Zoning change now”

[@sa25-svredemption98]

In saying all that, housing is affordable right across Australia right now. Just keep away from those concrete jungles, and costs are usually manageable. Plus, in such regions, you get a back yard and all! Many regional town blocks are over 500m squared! Unimaginable even for a single residence in any of the big cities.

[@TheyMadeMeEatIt]

Where are the jobs in these areas and what do they pay? This would be a fine solution if there was a high speed rail system through the country but there isn't.

[@kaizen1723]

Gen z are too lazy to look after a house so it a good thing.

[@dai19721]

..it a Western dream rest of the planet doesn't do it.