& # 039; Less likely to win the lottery & # 039;: Survey finds that young Australians are losing hope of becoming owners

Young Australians are losing hope when it comes to entering the real estate market with respondents who say they feel they are more likely to win the lottery than owning a home

Young Australians are losing hope of having one foot on the property ladder, a new survey reveals.

The BrickX survey found that Queensland youth felt they were more likely to win the lottery than owning a property.

Respondents also rated peace on the Korean peninsula and the search for life on Mars as events that would likely happen before they can save enough for a deposit.

Young Australians are losing hope when it comes to entering the real estate market with respondents who say they feel they are more likely to win the lottery than owning a home

Young Australians are losing hope when it comes to entering the real estate market with respondents who say they feel they are more likely to win the lottery than owning a home

"We have seen this desperation and disbelief grow in recent years," said BrickX CEO Anthony Millet.

"We have seen that this desperation and disbelief over the past few years has become a (bigger) problem," BrickX CEO Anthony Millet told The Courier Mail.

The survey also found that 50 percent of respondents felt nervous, anxious and stressed at the thought of entering the real estate market.

But while many lose hope, Millet said that some young people have not abandoned the dream of becoming owners one day.

Additional results found that almost a third of young people would stop buying clothes or gadgets for a year to save for a deposit.

More than 45 percent said they would forgo a vacation abroad and about a quarter were willing to give up having a child in the near future in order to save.

"People are becoming much more open to the options that are now presented to help them achieve the Australian dream," he said.

"They are very open about how they can achieve it in different ways to the traditional ways that the generation before them did."

But while many lose hope, Millet said that some young people have not abandoned the dream of becoming owners one day.

But while many lose hope, Millet said that some young people have not abandoned the dream of becoming owners one day.

But while many lose hope, Millet said that some young people have not abandoned the dream of becoming owners one day.

BrickX is an investment platform that divides property shares into 10,000 & # 39; bricks & # 39 ;, allowing people to invest small amounts in a single & # 39; brick & # 39; of a property.

As the value of the property increases, so does the value of the brick, which means that when the time comes to sell, your initial investment will have grown significantly.

"We have moved towards building a specific way to help Australians enter the real estate market earlier and we hope to build that housing deposit sooner," Millet said.

More than 45 percent said they would give up on a holiday abroad and about a quarter were willing to give up having a child in the near future in order to save

More than 45 percent said they would give up on a holiday abroad and about a quarter were willing to give up having a child in the near future in order to save

More than 45 percent said they would give up on a holiday abroad and about a quarter were willing to give up having a child in the near future in order to save

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