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Hope dying young: Australia's home ownership give-up cliff

Source: afr.com

Young Australians are increasingly giving up on home ownership due to rising costs and falling hopes.
Home ownership dreams drop sharply after age 25, with only 43% of 25-34 year olds believing they will ever buy.
This "give-up cliff" risks worsening inequality and delaying family formation for a generation.

The article examines why young Australians are abandoning hopes of buying a home, spotlighting a sharp drop in optimism after age 25. It draws on data from the HILDA survey and expert analysis to reveal the "give-up cliff," where belief in future ownership plummets. Core findings highlight affordability barriers amid high prices and interest rates, involving demographers, economists, and young renters. This matters as it signals deepening generational divides in wealth and life milestones.