Why ditching your car could be the key to getting on the property ladder sooner

PHOTO: Young people are thinking about alternatives to owning their own car. Photo: Louise Kennerley

Young people are falling out of love with owning a car, and high property prices could be to blame.

But ditching the car and using other forms transport could save home hunters thousands of dollars, and in more ways than one.

The latest Household, Income and Labour Dynamics in Australia (HILDA) survey showed the number of Aussies taking up licenses at 18-19 had declined 6 per cent between 2011 and 2016, leaving just under two-thirds of 18-year-old men and women licence holders.

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