I don't think the young are any different now than they were 30-50 years ago.
We all grew up with some that made the hard choices to get ahead and some that just bumbled along.
The ones that worked hard and bought a house didn't buy in the best suburbs or get the big house, they grabbed what they could afford.
We look at them now and see that the house has either been sold off and upgraded or the old house has been remodelled with an extra toilet or two and a couple of more rooms. The dodgy suburbs back then are now sought after trendy places that the new generation can only dream about.
The young today aren't buying $700k plus houses just like they weren't buying $200k houses back in the 60's, 70's and early 80's.
We can get all emotional that our children or grandchildren can't buy a house down the street from us but that's just the way it is, they'll have to go to the rougher suburbs and work their way up like all the others who didn't have the luck of a silver spoon.
A mates son and daughter bought a house out Kwinana way last year for just over $200k ( 40 minutes south of Perth). They went halves and should have it paid off in around 3-5 years, already looking for another one as they living with parents until they each own one.
