A recent survey of 1,000 young adults by the ME Bank shows growing skepticism on home ownership for Australians aged 18 – 29, with 26% believing that can never afford buying a home.
Of all the adults surveyed, 18% believe that owning a home in current market conditions is unattainable. Despite these dismal results, 20% of the young adults surveyed are feeling a sense of urgency, as they are finding ways to increase their savings. Overall, 51% of respondents believe that house prices will surge further, with 40% expecting it to remain steady. Only 9% believe that house prices will fall.
Read more about this on the Adviser website.