Future stock of tenants (people who can't afford to buy) requires home owners to rent to them. In fact, housing affordability can be problematic here because investors are usually in a stronger position to buy a property to rent it, outbidding someone wanting to live there. You might be aware of negative gearing, too.
Just curious, were your parents an influence in how you view property? I imagine here that many 18-30s whose parents bought property would be more likely to buy for themselves.
Thinking about it, the only friends I can think of immediately who doesn't own their own house here (out of say 20-30 people) are still studying or recently finished. And both would be planning to buy within 2-3 years.
Just curious, were your parents an influence in how you view property? I imagine here that many 18-30s whose parents bought property would be more likely to buy for themselves.
Thinking about it, the only friends I can think of immediately who doesn't own their own house here (out of say 20-30 people) are still studying or recently finished. And both would be planning to buy within 2-3 years.