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mudguts

11,794 Posts.

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10/04/24

11:39

Post #: 73274099
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Originally posted by mudguts ↑

Sort of puts a hole in the argument.....that buying housing is out of reach

Younger Australians are becoming the country's most active property investors, with many happy to take the financial plunge alone, new research has found.

Figures by the Commonwealth Bank showed millennials, people born between 1981 and 1996, accounted for 46 per cent of its new property investors last year.

They were followed by followed by Gen X, those born from 1965 to 1980, who made up 37 per cent of all new investment property purchases throughout the calendar year.

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It says investment property purchases...not transfer/ inheritance.

So property ladder looks to be do able if you are young & want to get ahead in life.
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