{"id":38702,"date":"2022-05-20T09:28:53","date_gmt":"2022-05-19T21:28:53","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=38702"},"modified":"2022-05-20T09:28:53","modified_gmt":"2022-05-19T21:28:53","slug":"did-boomers-or-millennials-have-it-harder-buying-a-house","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/did-boomers-or-millennials-have-it-harder-buying-a-house\/","title":{"rendered":"Did boomers or millennials have it harder buying a house?"},"content":{"rendered":"

PHOTO: Boomers VS. Millennials. FILE<\/strong><\/p>\n

 <\/p>\n

Baby boomers were born between 1946 and 1964.<\/strong><\/p>\n

Gen X was born between 1965 and 1979\/80 <\/strong><\/p>\n

Gen Y, or Millennials, were born between 1981 and 1994\/6.<\/strong><\/p>\n

 <\/p>\n

\u201cDo you know what’s\u00a0wrong with the smashed-avocado generation?\u201d<\/p>\n

I was on a suburban street\u00a0filming a story about young people struggling to get\u00a0into the housing market, when a\u00a0woman unpacking groceries in her\u00a0driveway asked about my topic.<\/p>\n

As she hit me with that rhetorical, I knew I was in for it.<\/p>\n

\"Enewsletter\"<\/a><\/div>\n
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GET & KEEP INFORMED<\/a><\/h2>\n<\/header>\n<\/div>\n

“This generation is greedy,” she concluded.<\/p>\n

On the other side of the footpath, it’s\u00a0not unusual to hear millennials\u00a0malign their parents for negative gearing their way to retirement, and inflating prices for today’s buyers along the way.<\/p>\n

So which generation had it harder buying a home?<\/p>\n

House prices today are far higher than wages<\/h2>\n

In the millennials’ court, we have the argument that buying a house today is far harder because the rate property prices have soared is well\u00a0beyond that of wages growth.<\/p>\n

In the pandemic alone, the median property price shot up 26 per cent \u2026 yes, more than a quarter.<\/p>\n