"A shift in priorities of Gen X, Y and Z has shown that a they...

"A shift in priorities of Gen X, Y and Z has shown that a they place a lesser importance on the achievement of home ownership. "

Another angle on this is the prices have been jacked up so far by you name it, they cannot even start to think about being able to afford to buy.

They cannot even save a deposit to buy because rents have gone up to try and cover the interest payable on loans for the ridiculous property prices.

What does this mean?

It means the next generation of buyers wont have the 2.5 TRILLION dollars to buy the property turned over by the last generation as they retire, downsize and cash in their super in the form of IP's

It's like a test rocket that runs out of fuel before hitting escape velocity. Or like crowd surfing into a thinning crowd. It's like mining for coal and being greedy enough to go back in to mine the support pillars for the last 10% of the coal and the whole show falls in and you're left paying mine subsidence bills.

Gen Y and Z and to some extent X do not have the 'equidymate' in exsiting properties to fund the joke prices. When the 'equidymate' holders become net sellers, the rivers of credit will slow to a trickle.