More Gen Y’s own properties than you think

In a recent Real Estate Talk show, we take a look at who really owns investment properties in Australia.

According to the Domain Consumer Insight Study, the number of Gen-Y’s who own multiple properties is now on par with the Baby Boomers.

16% of Gen-Ys own two or more properties, compared to 17% of Baby Boomers or Gen-X’s.

Here is the transcript:

Kevin: Jennifer Duke is the Domain review editor. She joins me. Hi, Jennifer.

Jennifer:  Hi. Good to chat.


Kevin:  Was this a bit of a surprise for you, this result?

Jennifer:  I was really surprised by the results of the survey.

I thought it was pretty astounding, actually, especially when we’ve seen our parents’ generations very, very into property.

I didn’t realize that it had come through Gen-Y so much.

Kevin:  Yes. It shows a real sign of confidence in the market, too. The study also shows that younger generations are infiltrating the market at an earlier age, as well.

How young are they starting out, and how does it compare with Gen-X and Baby Boomers?

Jennifer:  What’s quite interesting is that the Baby Boomers are getting into the market around 45 years old, and then Gen-Xs are getting in 35, and now Gen-Ys are buying at 25.

They’re getting in almost 20 years earlier than their Baby Boomer counterparts.

Kevin:  Do you think it has a lot to do with their parents encouraging them to do it?

I know with our kids, they got in very, very early, too, because we were encouraging them from our experience.

Jennifer:  Definitely. I think, as well, seeing the benefit of compounding growth.

Your parents have seen that go through the boom, and they say, “Boy, I wish I’d done it ten years earlier.”

I heard my parents say that. I’m 24, and I have a property. You hear that while you’re growing up, and I think that your parents’ influence is definitely very strong.

Kevin:  Yes, I guess a lot of the Gen-Ys have seen their parents’ wealth in their property, and they want to do the same thing.

What are the other reasons for this confidence on behalf of Gen-Ys?

Jennifer:  I think at the moment, obviously, low interest rates does play a big part in that, but I also think that it’s a general culture, as well.

People are seeing prices increase so quickly that they want to be involved.
Property culture is strong. The media, obviously, has never been stronger around property, and it’s just taken off. I don’t think it’s slowed down at all.

Kevin:  What percentage of Australians have actually got an investment property?

Jennifer:  It’s one in five at the moment. The majority of them just have one investment.

I was chatting with someone earlier today who was telling me that the number of people having two is increasing, so that’s quite interesting.

Kevin:  What also is interesting, I find, is in my generation, we bought a house for a reason, and that was to buy a home for the family, whereas this current generation seem to want it for investment purposes. In other words, they’re quite willing to continue to rent at home and buy an investment property.

Jennifer:  Definitely. I know many of my friends rent and have investments further away, maybe in areas that they wouldn’t want to live in.Property Update

We rent in Victoria; we have a property in Sydney – me and my partner – but we also just bought a block of land for our retirement way in the future.

It depends where you’re coming from, but I think most people want to retain their lifestyle.

They want that café culture, the ability to close up shop and go traveling, and you can’t always do that when you own your own home, but you can do that when you have an investment and a tenant in there.

Kevin:  You and your partner are right onto it, Jennifer, that’s for sure. Just in closing, I wonder if you can tell us – I don’t know if the survey went into this – how confident are investors about the future?

Jennifer:  Two-thirds of Australians in the survey said that they considered it a good investment.

I think what’s quite interesting is that a lot of people expect that there may be some sort of a downturn coming – it’s been a really hot market – but at the same time, over the long term, it pans out, and people think even if the next few years are a little bit rough, in ten years’ time, it will iron itself out and go up again.

I’m not really sure where I stand on it, but I think that property is a good asset to have.

Listen to the full show at and while you’re there subscribe and receive our weekly podcast (or the transcripts) where I interview Australia’s leading property experts. 


Subscribe & don’t miss a single episode of Michael Yardney’s podcast

Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.

Need help listening to Michael Yardney’s podcast from your phone or tablet?

We have created easy to follow instructions for you whether you're on iPhone / iPad or an Android device.


Prefer to subscribe via email?

Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.

Kevin Turner


Kevin brings together leading authorities on the property market in his weekly Real Estate Talk Podcast. Visit

'More Gen Y’s own properties than you think' have no comments

Be the first to comment this post!

Would you like to share your thoughts?

Your email address will not be published.


Copyright © Michael Yardney’s Property Investment Update Important Information
Content Marketing by GridConcepts