Richmond, VIC—Owning your own home has always been the pinnacle of the Aussie Dream and has historically been achievable for most young adults. However, that may no longer be the case for the newest generation of Australians. A poll commissioned by Buy Melbourne Apartments revealed that 37.9% of young Australians believe that home ownership is unattainable for them. That means that more than one-third of Australians don’t believe that they will be in a financial situation to take out a mortgage and afford payments on it before the age of 35.
In the study, 1000 young adults from the ages of 18-25 were surveyed with a list of questions regarding their attitudes about the current housing market. The survey also allowed the respondents to make