Why older Australians are becoming a housing pain point
New data shows there is another generation starting to feel the pinch from higher mortgage rates. And it’s not who you think.
As Australian households digest the double blow of surging petrol prices and a second consecutive interest rate rise, it’s natural that the nation’s sympathy will lie with younger generations.
AI is denting their job prospects. They’re saddled with student debt. They’re facing worse living standards than their parents. And now the cost of housing has jumped yet again, just as the war in Iran threatens another inflation shock that will hit younger families hardest.
