Millennials Emerge as Most Active New Property Investors

Commbank data showed that millennials accounted for 46 percent of the bank’s new property investors last year.
Millennials Emerge as Most Active New Property Investors
A ‘For Rent’ and a ‘For Sale’ sign is seen in Canberra, Australia on Feb. 27, 2023. AAP Image/Lukas Coch
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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.

Celene Ignacio
Celene Ignacio
Author
Celene Ignacio is a reporter based in Sydney, Australia. She previously worked as a reporter for S&P Global, BusinessWorld Philippines, and The Manila Times.