Gen Y and Housing Inheritance in Australia

  • Tomlinson M
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The issue of intergenerational fairness has become more pronounced as the material conditions for Gen Y appear to be declining when contrasted with the Baby Boomer generation. One aspect of this decline is reflected in trends in home ownership among young Australians, and the fact that housing is less affordable. In contrast, their parents were able to invest heavily in property ownership that strongly appreciated over time. This situation raises the question of whether or not Gen Y can expect to inherit significant housing wealth from their parents, which could become a critical factor in terms of them eventually owning housing. The review examines a number of factors and conflicting issues that could impact on Gen Y's potential to benefit from a housing inheritance, including Baby Boomers' attitudes to inheritance in Britain and Australia, claims about expectations of future behaviour of the housing market and inequalities in home ownership. © 2012 Copyright Editorial Board, Urban Policy and Research.

Author-supplied keywords

  • Gen Y
  • housing inheritance
  • intergenerational justice

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  • Mary R. Tomlinson

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