The old investing clichés holding Gen Z and Millennials back
Smart Property Investment readers know the numbers. Even so-called affordable outer-metro and regional markets have posted double-digit price growth in the past year, and six capital cities now have median house prices above $1 million.
Yet Gen Z and Millennials are still told, “We had double-digit interest rates!”
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The difference is context. At the peak of rates in the mid-1990s, just 34 per cent of Australians spent more than a third of their income on housing. By 2023–24, that figure had risen to 46.7 per cent.
This means we are in a radically different housing market.
The implication is clear: old assumptions about home ownership no longer apply. New…
