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Generation Y will make sacrifices to buy home
Delayed marriages and vanishing housing affordability have not curbed generation Y’s desire to break into the property market, a survey from Mortgage Choice has revealed.

The Property Investment Intentions survey asked over 1,000 Australians aged between 18 and 28 years if they planned to purchase a property or start saving for a deposit within the next two years.

With 70% of Gen Ys intending to either purchase or save for a deposit, the survey found that property ownership was viewed as a key to success. “Almost half of that 70% were intending to purchase, with the remainder working on their deposit,” said Warren O’Rourke, national manager, corporate affairs at Mortgage Choice……more

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