Boomers Took All the Good Properties, How Can Gen Y & Z Can Fight Back and Win? Podcast By cover art

Boomers Took All the Good Properties, How Can Gen Y & Z Can Fight Back and Win?

Boomers Took All the Good Properties, How Can Gen Y & Z Can Fight Back and Win?

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 Have you 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. In today’s show we discuss with the generational wealth disparities in the Australian property market, focusing on the advantages that Baby Boomers have had over younger generations. We explore the impact of cultural shifts, the role of the Bank of Mum and Dad, and the emerging trend of rent-vesting as a strategy for younger Australians. The conversation also touches on the need for policy changes to support future generations in achieving home ownership and financial stability. Takeaways · Baby boomers have a significant advantage in property ownership. · Younger generations face higher debt levels and housing costs. · Cultural shifts have changed expectations around home ownership. · The Bank of Mum and Dad plays a crucial role in helping younger buyers. · Rent-vesting is becoming a popular strategy for young Australians. · Demographic insights can guide better policy decisions. · Policies should focus on increasing housing stock and affordability. · Generational wealth transfer is a key factor in property dynamics. · Understanding demographic trends is essential for future planning. · Every generation faces unique challenges based on their time. Chapters 00:00 Introduction to Property Wealth Disparity 01:13 The Baby Boomer Advantage 03:21 Wealth Distribution and Debt Dynamics 06:50 Changing Expectations in Home Ownership 12:39 Generational Challenges and Delayed Family Life 15:53 The Squeeze on Generation X 18:52 The Role of the Bank of Mum and Dad 22:06 Emerging Trends: Rent-Vesting 23:53 Advising Policymakers for Future Generations 25:44 Recommendations for Housing Policy Links and Resources:     Simon Kuestenmacher is co-founder and Director – The Demographics Group Simon is a prolific media commentator on demographic and data matters and a columnist for The New Daily and The Australian newspapers. He ranks as one of the world’s Top 10 influencers in data visualisation. If you can’t get enough of the kind of data that explains how the world works, make sure to follow Simon on Linked In or X (formerly Twitter) or any of his other social channels. Click here for a media enquiry or if you would like to book Simon Kuestenmacher for a speaking engagement. His presentations and quirky observations are enjoyed by audiences from the financial services, property, government, education, technology, retail and professional services industries, among others. About Michael Yardney Michael Yardney- founder Metropole Property Strategists has been voted one of Australia’s 50 most influential Thought Leaders. While he is best known as a property expert, Michael is also Australia’s leading expert in the psychology of success and wealth creation. Michael is a #1 best selling author of 9 books and frequently challenges traditional finance advice with innovative ideas on property investment, personal finance and wealth creation. Follow Michael on Linked In or Instagram Are you interested in property investment - let the team at Metropole build you a Strategic Property Plan to help give you clarity, direction and wealth-producing results.
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