More young Australians are worried about home ownership

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.

Author: Dorian Traill

Dorian Traill is the current Director of Grand Capital Finance Group and Fountain Property Group. He specialize in home loans for people as well as helping them build wealth through quality investment properties that ultimately lead to long term financial freedom.

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