Interesting news from the Reserve Bank today that the level of Young Home Owners (under 35yo) has dropped notably in the last 10-15 years.
Lots of pontification as to the cause - young people staying home, time take to save a deposit - but I would've thought it plainly obvious?
Most poor sods leaving Uni these days exit with a $30K debt and any idiot knows that this goes against you when trying to secure a loan. Is it unsurprising then, that young people aren't able to get a loan with this burden hanging over their heads - and even the timing is perfect - 10-15 years - pretty well marries up with the increase in HECS over the years!
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