From vacations to property, Gen Z is changing its wealth goals
- Gen Z is increasingly viewing homeownership as a way to build wealth, not just a financial milestone.
- Millennials and Gen Z account for around 90–95% of residential property purchases, according to a BASIC Home Loan survey.
- The average age of home-loan applicants has fallen to around 25, from above 35 a few years ago.
- Younger borrowers also want a simpler, digital experience, with 72% of borrowers under 40 preferring to apply for home loans online.
Source: outlookmoney.com
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