Do Young Aussies Still Care About Property? The Numbers Might Surprise You

While the media often highlights the struggles of young Australians trying to break into the property market, new research from Compare the Market suggests that the desire for home ownership remains strong among Gen Z and Millennials. Despite rising property prices and tightening lending conditions, this emerging generation isn’t giving up on the dream of property ownership.

A Strong Desire for Property Investment

According to the Compare the Market report, younger Australians still show a remarkable commitment to property investment. The data reveals that Gen Z and Millennials stand out as the most enthusiastic about entering the property market, with a significant portion of both groups indicating they are either "quite keen" or willing to make sacrifices to achieve their property goals.

These two generations are far more motivated than their Gen X and Boomer counterparts, who show a much higher proportion of "no interest" responses. This reflects a generational shift, where the aspiration for property ownership remains strong despite financial barriers.

Why Younger Generations Are Still Eager to Invest

Several factors likely contribute to this sustained interest:

• Long-Term Wealth Building: Many young Australians recognise that property remains one of the most reliable ways to build long-term wealth, providing both capital growth and passive income.
• Rising Rents Fueling Interest: With rental costs climbing rapidly, the security and potential cost savings of home ownership are becoming more appealing.
• Financial Independence: For many, owning property is a symbol of financial independence, offering stability in an increasingly uncertain economy.

Overcoming the Affordability Challenge

While affordability remains a critical issue, it’s clear that younger Australians are still motivated to enter the market. Many are willing to adjust their expectations, including buying smaller properties, investing in outer suburbs, or considering rentvesting as a pathway to property ownership.

For those ready to take the first step, Young Investors Club provides support and guidance to navigate the challenges of the property market, offering access to education, market insights, and exclusive property deals to help turn these aspirations into reality.

For more insights on entering the property market and building long-term wealth through smart investments, get in touch with the Young Investors Club today at enquiries@younginvestorsclub.com.au.

Source: Compare the Market, “Who Cares About Home Ownership?” May 2025.