Life experiences versus home ownership. What is more important to prioritise in your 20s? Can you have both?
Recent data reveals that 70% of young Aussies under 30 would rather put money towards travel than buying a home in the next 12 months and believe that they’ll never be able to buy a home. These statistics suggest that there’s been a mindset shift in young people, and we want to work out why. In Episode 13 of Property Now, the team discuss the balancing act between having life experiences and purchasing property to secure your financial future in your 20s and beyond, and whether you can have both.
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Articles referenced in this episode by Sezen Bakan in The New Daily, https://www.thenewdaily.com.au/finance/2024/02/01/travel-saving-home-buying, and Anthony Galloway and Jim Malo in The Sydney Morning Herald, https://www.smh.com.au/politics/federal/more-than-70-percent-of-young-people-believe-they-ll-never-be-able-to-buy-a-home-20230223-p5cn01.html.
