Marcus Neil, who bought his first home in Brisbane in his teens, now owns four investment properties in a housing market that has become one of the world's most expensive. This soaring cost has effectively priced many young Australians out of homeownership, raising concerns about affordability. As millennials and Gen Z prepare to vote and potentially influence the election outcome, it remains uncertain how this demographic shift will impact leadership amidst rising concerns about housing affordability and a changing political landscape.
For the first time here, millennials and Gen Z voters will outnumber baby boomers in a federal election.
Australia is now one of the most expensive places in the world to own a home.
The typical Australian home costs about eight times the median income, making it a more expensive real estate market than New York's.
Mr. Neil sees his investment properties as a safety net when he retires.
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