Clare O'Neil, Labor minister for Home Affairs and Minister for Cyber Security, attends the jobs and skills summit at Parliament House in Canberra, Australia on Sept. 1, 2022. Martin Ollman/Getty Images
Less than half of young Australians believe they will be able to purchase a property for themselves, according to the 2024 Australian Youth Barometer report released by Monash University on July 31.
The findings highlight a significant hopelessness among young people regarding home ownership.
