Housing For Young Aussies: Buy A Home? Bad Choice. Rent? Worse.

white bungalow with picket fence
Cootamundra House G 001 photo by Mattinbgn is licensed under CC BY 3.0
Wood, stone or brick, housing is not affordable for young people in New South Wales, Australia.

Without a parents’ basement to inhabit while saving for a house down-payment, millennial Aussies entering the housing market are facing a bleak future. Rising rents are taking such a bite out of savings that, without a huge financial gift, a mortgage down payment will take years, perhaps even decades, to scrape together.

It’s a story repeating itself, not only in Australia, but many other regions of the world.

Read more in PROPERTY OBSERVER:Neither renting or buying is an affordable option for low …https://www.urban.com.au › expert-insights › investing



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