It turns out that Australians also "gnaw old"
In the editor`s impression, Tuao young people are very independent, college tuition loans themselves, want to buy a house to work hard to save money, basically will not open the mouth to their parents.
However, the facts have proved that this is all the illusion of the editor, and the actual situation is not like this at all!
According to the latest Digital Finance Analytics data, 55% of young people in Australia receive parental support for their first home purchases.
In other words, more than half of the people, "gnaw old"!
Besides, it`s not even a light bite!
Two out of three of them received an average of $88,450 in parental support when buying a home! Add up more than 400,000 yuan!
Of course, Australia`s young people can not "gnaw old", who let house prices so expensive.
Take Melbourne, for example.
The median price for a stand-alone house in Melbourne is now $760, 000, or $76, 000 for a 10% down payment.
However, if you do not want to pay tens of thousands of dollars of housing loan insurance (mortgage insurance), you need to pay a down payment of 20%, or $152,000.
Even if you buy a cheaper apartment, the median price is $551, 000, and 20% of the down payment will cost $110, 000.
How many years does it take for young people to save so much money?
According to the latest Bankwest data, it takes an average of 6.4 years for Melbourne`s first-time home buyers to save up for a down payment, eight months longer than in 2016, based on the median price of a separate home.
In other words, you save money at a rate that does not keep pace with rising house prices.
So Nerida Conisbee, chief economist at Realestate, says down payments are the biggest obstacle for most first-time buyers. Mortgage repayment is generally no problem, but the problem is, not enough down payment money.
I can`t help but turn to my parents for help. As a result, more than half of all young people in Australia have become "homeowners".
The government is also aware of the situation.
So since last July, the state government has implemented a series of policies to help reduce the burden on young people to buy homes, such as waiving stamp duty for first-time buyers who buy their own homes below A $600000.
Buying properties below A $ seven hundred and fifty thousand in rural Victoria is subsidized by A $20, 000.
With the help of both the government and parents, the state`s first home buyers reached 3162 in August, the highest level since December 2009.
But for many young people who neither enjoy policy favours nor get help from their parents, they have to double their own efforts to buy a house.
