Marcus Neil, having entered homeownership at a young age, now manages four properties and views them as a secure retirement strategy. This contrasts sharply with the current Australian housing market, where typical home costs are approximately eight times the median income, significantly limiting access for younger individuals. With upcoming elections showcasing a demographic shift where millennial and Gen Z voters will outnumber boomers, the electionâs outcome raises questions about whether this younger vote will demand change. Recent polling suggests continued support for Prime Minister Albanese, despite shifting political views influenced by global trends.
Marcus Neil, who started with little money, now owns four investment properties, viewing them as a safety net for retirement by making a safe bet in a capital-intensive market.
Australia's housing crisis, where homes cost about eight times the median income, has priced many out of the market, especially impacting younger generations.
The upcoming election sees millennials and Gen Z voters outnumbering baby boomers for the first time, sparking uncertainty about their potential impact on the political outcome.
Prime Minister Albanese is anticipated to win re-election despite an opposition campaign inspired by Trump, reflecting the shifting dynamics in Australian politics.
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