Half of parents in a recent survey said they’d helped out financially in some way – but some could afford much more than others.
- Research Fellow, School of Accounting, Economics and Finance, Curtin University
Hint: cutting out avocado toast won’t help much. Research shows your chances of owning a home hinge on your income relative to house prices, and whether you can access the ‘bank of mum and dad’.
Despite owning a smaller share of their home, younger homeowners borrow often, and borrow more, than their parents.
Most Australians want to age at home, where they can remain connected to their communities and neighbourhoods. But what happens if you’re renting?
The gap in housing wealth between older and younger Australians has widened from 161% to 234% – making it almost half as big again.
Data on housing supply in Australia’s capital shows that while it’s increasing in areas with lots of jobs, house prices are too high for those who might want to move for work.
Contact Christopher for
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- Location: Perth, Australia
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