[PODCAST] Boomers Had It Easier and Took All the Good Properties, With Simon Kuestenmacher

If you’ve ever felt like you’re playing a game of property monopoly in Australia, but someone else got to pass “Go” decades before you and now owns half the board, you’re not imagining it.

That “someone else”? It's the Baby Boomers. They’ve won the property game in Australia.

Not just because they got in early, but because the rules of the game have increasingly worked in their favour, at the expense of younger generations.

Today leading demographer Simon Kuestenmacher and I chat about whether the Baby Boomers really did have it easier or not, as well as how younger generations can catch up and build their own property wealth as well as how younger generations can catch up and build their own property wealth.

We also discuss the impact of debt, changing cultural expectations regarding home ownership, and the challenges faced by Generation X.

Takeaways

• Baby boomers have a significant advantage in property ownership.
• Younger generations face higher debt levels than baby boomers.
• Cultural expectations around home ownership have shifted dramatically.
• The Bank of Mum and Dad plays a crucial role in helping younger buyers.
• Rent vesting is becoming a popular strategy for young investors.
• Generation X is squeezed between supporting their children and aging parents.
• Policymakers need to consider strategies to make housing more affordable.
• Long-term strategies and education are key for younger generations.
• Every generation faces unique challenges based on their historical context.
• Wealth transfer from baby boomers to younger generations is significant.

Links and Resources:

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Simon Kuestenmacher: Australia’s leading demographer and partner in the Demographics Group

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