Chart of the week: Australian housing

Australians are increasingly buying their first home at an older age. According to the Australian Bureau of Statistics, between 1981 and 2018 the average age of a person buying their first home in Australia increased from 24 to 35. There are a number of reasons for this trend including housing affordability, tighter lending standards, and changing living preferences amongst younger generations. However, one consideration that may be influencing the home purchase decision amongst younger Australians may be lower return expectations of first home buyers versus older generations.

 

Click Here to view the chart.

0

Like This