Aussie Renters Ditch Mortgages for Prime Locations: Is Buying a Home Still a Priority?
2025-01-28
9News.com.au
The great Australian dream of owning a home is losing its appeal for some, as renters like Lauren opt for prime locations over mortgages. With the rate of first home buyers in decline, it's clear that location matters more than ever. For many young Aussies, the benefits of renting in a desirable area outweigh the burden of a mortgage. As the property market continues to shift, renting in prime locations is becoming an increasingly popular choice, with keywords like 'rental properties', 'Australian property market' and 'first home buyers' dominating the conversation. This trend raises questions about the future of home ownership in Australia.