Home buyers save for more than 10 years to break into housing market.

More than one in 10 first home buyers now need to save for more than 10 years before they can break into the housing market.

Private rental was once a route to ownership, now it’s a destination for many as home ownership has been delayed or unattainable.

This is coupled with a millennial shift towards a 'trade off' for flexibility and being able to live in more desirable locations.

One in three Australian households now rent their housing, and some argue we’re headed for a ‘post-ownership’ society in which most people rent their homes.

The establishment of build-to-rent as an asset class reflects the growing need to meet this ever growing demand, addresses barriers to home ownership and takes pressure off the housing system overall.

#wearePi #realestate #housing #realestateinvestment

Click here to view the full article on the topic by the AFR.