Riley Grogan said he is days away from paying off his student debt from three years of studies.Riley Grogan, 31, is just days away from paying off his debt for the three years he attended university.
"It's really not a pressure that people carry around with them because it just exists in this little amorphous thing, like the rest of your taxes," he said. Millennials are more likely to live in an apartment or a detached home on a larger property. Grogan currently lives with his partner in Wollongong, about an hour drive south of Sydney, in an ADU behind a home that his friends own.
Lucy Banks feels lucky to be a millennial homeowner, but thinks the government should be doing more to help her generation.During the pandemic, average home prices rose three times the pace of household income in Australia. Since June 2020, property prices nationwidePerth is located on the west coast of Australia, 2,400 miles away from the uber-expensive cities of Sydney and Melbourne,. Still, Banks' property greatly increased in value since her purchase.
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