PROP058 What drives young investors to property? (761 words)

Description

This article takes a look at why property is so appealing amongst younger investors. This is an unbiased piece that discusses both the drawcards and risks with property investing. A call to action to speak with an Accountant, Mortgage Broker and/or a Financial Adviser is also included.

Introduction

Recent research by CommBank (April 2021) has shown that almost half (45 per cent) of millennials consider property investment the most appealing investment option, followed by the stock market at 38 per cent.

These figures will likely come as no surprise, given Australians’ love for property ownership (“Great Australian Dream” anyone?), but what drives young investors to property? And could these drivers be drawbacks?

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