Gen Z most likely to invest money into property ownership
A new report has highlighted the hunger for home ownership among young Aussies.
The latest Mortgage Choice Home Loan Report has revealed a “strong desire” for home ownership among Gen Z and Millennial respondents.
The survey, which gathered responses from 1,000 consumers nationally, found that half of borrowers surveyed said if given $100,000 they would use that money to buy their first property put it towards purchasing an investment property.
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According to the generational breakdown in the report, Gen Z were the most likely to put the funds towards purchasing their first property (37 per cent), followed by Millennials at 24 per cent….
