GENERATION Z – AUSTRALIA

Politically engaged – but very much worried about buying a home: study reveals young Australians’ anxieties

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Original article by Dan Jervis-Bardy
The Guardian Australia – Page: Online : 15-Jul-26

The Growing Up in Australia study began in 2004, and it has tracked about 10,000 young people and their families every two years since childhood. The two groups in the cohort are now aged 19-20 and 23-24, and the latest survey results for 2023-24 comprises 4,168 respondents. Some 73 per cent stated that they are "quite a bit" or "very concerned" about being able to afford to buy a home, ahead of global economic problems (cited by 42 per cent of respondents) and climate change (41 per cent). The longitudinal study also found that just 15 per cent of respondents expressed a "lot of trust" or "some trust" in politicians and political parties. This study is conducted by the Australian Institute of Family Studies, in partnership with the Department of Social Services and Roy Morgan.

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AUSTRALIAN INSTITUTE OF FAMILY STUDIES, AUSTRALIA. DEPT OF SOCIAL SERVICES, ROY MORGAN LIMITED

Youth boon in anti-Boomer push

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Original article by Grace Lagan, Isabella Freeland, Andrew Hobbs
The Australian Financial Review – Page: B9 : 13-May-26

The federal government has used its 2026 budget to announce that it will scrap negative gearing on established properties from July 2027, although the move does not apply to existing investments in such properties, or to investments in new properties. It is one of a number of tax policies announced that are seemingly aimed at making it easier for members of Generation Z to get into the property market in what has been labelled an anti-Boomer budget. However, some Gen Z members are of the view that they will struggle to save enough for a house deposit, due to the cost of living and the rising cost of houses.

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