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They’re half of all voters, and they’re mad as hell about property prices
For millions of young Australians, housing affordability is the subject that looms over every life decision they make. After years of talk, they want action now.
Sabrina Elarjoun is studying medicine while living at home with her parents in Sydney’s south-west. Dominic Lorrimer
Sabrina Elarjoun, 24, is living with her parents in Sydney’s south-west while she is studying medicine. She is hoping to become a general practitioner or a gynaecologist, but even after years of study, there is no guarantee her wage will be high enough to buy property where her family and friends live.
“We’re expected to work hard, study hard, but there are things that people would have looked forward to 20 or 30 years ago, it’s not the same for us. Buying properties before, that would have been seen as just something that you do, whereas now you’re lucky if you can buy a property,” Elarjoun said.
Basic habits to help young people be financially resilient
With interest rates on the rise again, house prices continuing to soar, and inflation outpacing wages, it's no surprise that many people are struggling with the cost of living.
Increasingly, young Australians say they're not just worried about the situation now, but also what it means for the future.
At just 16 years old, Tilly says rising house prices are something she thinks about often.
Tilly is concerned about the cost of houses. (ABC: Trent Murphy)
"If I'm feeling that worry at 16 years old, then it's probably a problem," she says.
Elijah, 23, says, "Trying to escape getting caught in the rent and being able to buy a house, for example, is seeming more and more unrealistic as time goes by."
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‘Identifying as depressed’: Younger Aussies losing hope amid housing crisis
A chief executive of an Australian think tank has warned younger men are dating less, marrying later, and struggling more with their mental health amid a housing crisis.
A chief executive of an Australian think tank has warned younger men are dating less, marrying later, and struggling more with their mental health amid a housing crisis.
Page Research Centre CEO Gerard Holland spoke at the Aspire Conference in Sydney this week to talk about Australia's biggest politcal, economic, and social issues.
"Young people want to build their lives on a firm foundation, not on the uncertainty of a volatile rental market and a one-bedder apartment in Zetland or Strathfield," he said during his speech.
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