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Data from the ABS yesterday revealed a rise in the number of young people living at home.
The proportion of Generation Ys living with their parents surpassed 50 per cent in 2006.
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Housing Industry Association (HIA) chief economist Harley Dale said lack of affordable housing was forcing young people to remain living with their parents.
“If you’re in your twenties, on a low to middle income and looking to buy a home, it’s becoming virtually impossible,” he said.
“Gen Ys are still living at home with mum and dad. The reason may be they are trying to save a deposit, or because they simple can’t afford the soaring cost of rent.”
Published: 23-07-08
