Gen Y keen on property investment

Adam Smith 9 November 2016

house plant jar moneyA new survey has found Gen Y are more likely to invest in property than Gen X or Baby Boomers.

The survey by ING DIRECT found 22% of Gen Y respondents owned at least one investment property, News Corp has reported. This compares to 20% of Gen X Australians and 19% of Baby Boomers.

ING DIRECT executive director John Arnott said many young Australians were choosing to become investors rather than owner occupiers.

“Ultimately we’re seeing Australians investing their money into properties while they’re young, while opting to rent to suit their lifestyle,” Arnott said.

In spite of low numbers of first home buyers, ING DIRECT head of product Tim Newman said Gen Y Australians were still interested in getting into the property market, News Corp reported.

“I think the research that we have had here absolutely confirms that there is definitely very much a strong cultural Australian dream around home ownership, and investment property is very much seen by many as a good sort of first step towards that,” Newman told News Corp.

Newman told News Corp that young Australians tended to have more confidence in property than in other investment classes such as shares.

“I think having a tangible asset is more meaningful to people as well. I guess share certificates aren’t that exciting, but if you have an investment property you an drive past and have a look at it, so it seems more real,” he said.

Latest home loans headlines

Image: Shutterstock

More help from

Ask a Question

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Disclaimer: At we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the privacy policy, receive follow up emails related to and to create a user account where further replies to your questions will be sent.

Ask a question