Millennials Emerge as Most Active New Property Investors

Millennials are leading the property investment market, accounting for 46 percent of the Commonwealth Bank of Australia’s new property investors last year, according to the bank’s recently published data. Meanwhile, Gen X accounted for 37 percent of the new investors. Australia’s average age of all property investors in 2023 was 43 years old, with an average loan size of $528,405, less than the country’s overall average loan size of $598,624. Since banks are now able to lend up to 5.2 times someone’s salary before task, this mortgage amount, accompanied by a 20 percent deposit of $132,101, would afford anyone a home worth $660,506 across the country....