{"id":188600,"date":"2025-04-03T15:30:24","date_gmt":"2025-04-03T04:30:24","guid":{"rendered":"https:\/\/propertyupdate.com.au\/?p=188600"},"modified":"2025-04-02T09:03:10","modified_gmt":"2025-04-01T22:03:10","slug":"housing-affordability-now-trumps-jobs-and-healthcare-for-young-australians-heres-what-that-really-means","status":"publish","type":"post","link":"https:\/\/propertyupdate.com.au\/housing-affordability-now-trumps-jobs-and-healthcare-for-young-australians-heres-what-that-really-means\/","title":{"rendered":"Housing Affordability Now Trumps Jobs and Healthcare for Young Australians \u2013 Here\u2019s What That Really Means"},"content":{"rendered":"

As we head towards the next federal election, a major shift is underway.<\/p>\n

And it\u2019s being driven by a generation increasingly shut out of home ownership.<\/p>\n

For young Australians, housing affordability is no longer just a personal struggle, it\u2019s become a political deal-breaker.<\/p>\n

A recent survey by Money.com.au<\/a> uncovered something that seasoned political analysts might not have expected: for Gen Z and Millennials, housing stress has overtaken traditional issues like jobs, superannuation, energy, and even healthcare as a key election concern.<\/p>\n

And frankly, it\u2019s no surprise.<\/p>\n

Since the last election in 2022, rents have risen 18.2%, while new dwelling prices have jumped 14.1%.<\/p>\n

Both outpacing inflation and wages, which have grown by only 10.8% and 10.6% respectively.<\/p>\n

That\u2019s a brutal equation for young Australians who are renting now and still hoping to one day buy a home.<\/p>\n

\"Housing<\/p>\n

Housing is no longer a footnote \u2014 it's the headline<\/span><\/h2>\n

While older Australians still tend to prioritise healthcare, younger Australians are increasingly viewing the housing crisis as the defining issue of their economic future.<\/p>\n

According to the survey, 17% of Gen Z and Millennials say housing affordability is their top concern after cost of living pressures.<\/p>\n

Another 11% of Gen Z and 8% of Millennials cite rental affordability as a major issue.<\/p>\n

This is a demographic that\u2019s not just frustrated, they\u2019re mobilising.<\/p>\n

Nearly one-third of under-40s are renting, and interestingly, 13% of them plan to buy a home this year.<\/p>\n

That level of ambition in the face of such market pressure is revealing.<\/p>\n

These aren\u2019t just statistics.<\/p>\n

They\u2019re signals of a brewing generational shift in how property and politics intersect.<\/p>\n

Time for policy to catch up<\/span><\/h2>\n

Mansour Soltani, Property Expert at Money.com.au, summed it up well:<\/p>\n

\n

\u201cFor younger Australians in particular, housing affordability concerns may include expectations for more first-home buyer support and more flexible lending rules, like how lenders assess student loans or lowering the 3% serviceability buffer for first-home buyers.\u201d

<\/div><\/p>\n<\/blockquote>\n

He also flagged that there\u2019s growing interest in alternative pathways to ownership \u2014 options that reduce upfront costs like deposits and Lenders Mortgage Insurance (LMI).<\/p>\n

We\u2019re seeing more appetite for shared equity schemes, rent-to-own models, and even co-buying strategies among friends and family.<\/p>\n

This aligns with what we\u2019re hearing at Metropole<\/a> \u2014 young Aussies are more financially literate and more open to creative pathways than ever before.<\/p>\n

But they\u2019re hitting structural walls.<\/p>\n

Rental stress isn't just about affordability \u2014 it's about power<\/span><\/h2>\n

On the rental front, Soltani notes concerns are shifting towards tenant protections and supply-side solutions:<\/p>\n

\n

\u201cRent affordability concerns generally focus on tighter rental caps, increasing the supply of rental properties, and stronger protections for tenants, especially in high-demand metro areas.\u201d<\/p>\n<\/blockquote>\n

And he\u2019s right.<\/p>\n

Rental markets in Sydney, Brisbane, and Melbourne are intensely competitive.<\/p>\n

And the power imbalance between landlords and tenants is stronger than ever.<\/p>\n

Let\u2019s be clear: as property investors, we need to be part of the solution.<\/p>\n

That doesn\u2019t mean abandoning returns.<\/p>\n

It means understanding that stable, secure tenancies and long-term affordability are good for everyone in the system.<\/p>\n

What this means for investors and policymakers<\/span><\/h2>\n

This survey should be a wake-up call.<\/p>\n

Housing affordability is no longer just an economic or planning issue, it\u2019s a cultural and political one.<\/p>\n

We\u2019re seeing a new generation of Australians who feel left out of the Great Australian Dream.<\/p>\n

And they're not just feeling the pinch, they\u2019re going to the ballot box with it.<\/p>\n

If policymakers want to win over the next generation of voters, housing policy needs to move beyond band-aid grants and tax tweaks.<\/p>\n

What\u2019s needed is long-term thinking \u2014 planning reform, infrastructure investment, better rental market regulation, and yes, revisiting outdated lending rules that don\u2019t reflect the realities of younger borrowers.<\/p>\n

As I\u2019ve often said, property is a long game.<\/p>\n

But for this generation, the starting line feels like it\u2019s moving further and further away.<\/p>\n

And unless that changes, housing will keep rising in the ranks of our nation\u2019s most urgent political issues.<\/p>\n

<\/div>\r\n
<\/div>\n","protected":false},"excerpt":{"rendered":"

As we head towards the next federal election, a major shift is underway. And it\u2019s being driven by a generation increasingly shut out of home ownership. For young Australians, housing affordability is no longer just a personal struggle, it\u2019s become a political deal-breaker. A recent survey by Money.com.au uncovered something that seasoned political analysts might…<\/p>\n","protected":false},"author":148,"featured_media":138756,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[54,1118],"tags":[],"class_list":["post-188600","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-property-updates","category-news-and-features"],"acf":[],"yoast_head":"\nHousing Affordability Now Trumps Jobs and Healthcare for Young Australians \u2013 Here\u2019s What That Really Means<\/title>\n<meta name=\"description\" content=\"As we head towards the next federal election, a major shift is underway. 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