The Property Heroes

The Great Australian Dream | Has COVID Enabled Millennials To Get On The Property Ladder? | 17


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While times have certainly been tough, especially for those of us in Melbourne, but has a COVID softened market opened the doors for millennials? Are they still interested in property?

Shehan and James jump into a great report released by ING looking into some of these factors along with the savvy ways millennials have used the lockdown time to save better and establish their goals, maybe they listened to our planning episode :) 

Here are some more facts from the report, along with a link if you'd like to check it out. 

Many are also willing to continue to minimise their lifestyle costs post lockdown to own their own home sooner, including: 

  • Minimising personal shopping (40%)
  • Entertaining at home rather than going out (31%)
  • Spending less on drinking (25%)
  • Reducing date nights (19%)
  • Giving up gym membership (17%)
  • Finding a less costly commute (16%)

In order to buy a house sooner half (50%) say that they would consider living on the city fringes and the outer suburbs (45km or more from the city).

REPORT LINK

The guys also chat about the relationships with have with property, what makes it valuable to us and if we would give it all up for a tree or sea change. 

We hope you enjoyed this one, we enjoyed creating for you and if it was of value, it would be amazing if you gave us a review and subscribed so you can find out when the next show is available. 

Thanks again and catch you next time. 

The Property Heroes

We release a few different episodes a week

Monday - A short rapid fire educational episode about property/real estate

Wednesday - A longer form, conversational episode talking all thing property and finance.

Friday - A short rapid fire educational episode about finance. 

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The Property HeroesBy The Property Heroes