The report – derived from research by Roy Morgan – found that older Australians, buoyed by strong superannuation returns, have increased their borrowing and investment activities.

This in turn has resulted in a ‘crowding out’ of younger borrowers from the purchasing property.

Other points revealed by the report were that 45-59 year olds were found to hold the largest share of financial assets at 41.8 per cent, while 30-44 year olds held 20.7 per cent – almost 10 per cent less than in 1998. 18-29 year olds held just 5.1 per cent of total assets.

The report also found those with owner-occupied mortgages considered to be financially at risk had risen from 10 per cent to 18 per cent since 2002.

Published: 15-08-08

Baby-boomers push younger borrowers from property market

Staff Reporter

Last Updated: 15 August 2008 Published: 15 August 2008

Written by Staff Reporter

Last Updated: 15 August 2008

Published: 15 August 2008