Gen Z’s foray into homeownership is reshaping the real estate market – Here’s how – Money News

In the ever-evolving landscape of the real estate market, a new player is stepping into the game – Generation Z. As the oldest members of this demographic cohort begin to explore homeownership, the industry is witnessing a paradigm shift in trends and preferences. Developers, agents, and sellers keen on staying ahead of the curve must familiarize themselves with the unique characteristics and values ​​that shape the housing choices of Generation Z.

Born between the mid-1990s and early 2010s, Generation Z is characterized by its tech-savvy, socially conscious, and individualistic nature. Unlike their predecessors, Millennials, Generation Z has grown up in

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Boomers vs Gen Z: 5 Differences In The Housing Market And Economy

With soaring property prices, high interest rates and inflation, the viability of the great Australian dream has come into question for younger generations.

Entering the property market is the most difficult it’s been in three decades, according to the latest PropTrack Housing Affordability Report.

The trifecta of rising property prices, inflation and interest rates has created a perfect storm for property inaccessibility, especially for first home buyers.

Housing affordability is affecting a huge number of young people, especially those looking to buy their first home. Picture: Getty


PropTrack Senior Economist, Paul Ryan, says this deterioration in affordability, coupled with the

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