Gen Z’s surprising workarounds to Aus’s housing crisis

Australia’s housing crisis has already forced Gen Z to get creative just to keep the dream of owning a home alive. But in the US, the same cost-of-living pressure is starting to reshape romance, with more women openly turning to older, wealthier men in search of financial security. For young Australians, the numbers are grim. The national median house price is now $989,000, according to PropTrack, while the median unit price sits at $730,000. Even for those on decent wages, the path to home ownership is becoming longer, harder and far less certain. MORE NEWS ‘Intolerable’: Suburban rooster fight claims latest victims Waste authority quietly bans dog poo from green bins ‘Can’t fit a tennis ball’: Family fumes over new build That’s why Gen Z is increasingly embracing housing workarounds that would have seemed unthinkable to earlier generations. Buying with siblings or friends, staying in the family home for longer, moving further from the CBD, rentvesting, or settling for an apartment instead of a house have all become part of the new property playbook. It’s not hard to see why. Australia’s housing crisis has forced Gen Z to ditch the old rules on home ownership. Australian Bureau of...