Aussie parents gifting crypto as housing costs hit 10x salary
In the 1970s, the average house cost Australians five times their average annual salary.
Fast forward to 2026, and that dream has drifted further away.
Australians are now expected to save 10 times their average household income to just get their foot in the door.
With homeownership feeling more like a hallucination than a reality, parents and grandparents are growing concerned.
In an attempt to help the next generation stand on their own two feet, they are ditching traditional gifts for something with a bit more financial security.
A survey of 696 digital coin holders by Digital Wealth Group found that more than a third of older investors were motivated by a “desire to leave a legacy”.
This so-called “legacy” happens to be…
