Generation Y, otherwise known as the Millennials, were born between 1980 and 1994. They have been known for their love of ‘smashed avo’, speciality coffee and travelling abroad. Yet it should be recognised that accelerating house prices and flat wages growth are the more important reasons why many in this generation have been locked out of the housing market.

All generations are shaped by the events, experiences, and the political climate of their time. This creates profound differences across the generations. For Generation Y, this all converged on September 11, 2001. This tragic event took place when they were in their formative years and defined much of the next decade and shaped their global outlook. Today, this generation are entering the parent and family life stage as they move into their 30s and 40s.