Y Generation buy into the Australian Dream

The Y generation buy into the Australian dream of home ownership Mortgage Shoppers in the Y generation [18 to 28] want to own their own home. And they want a house with a backyard more than they want a low maintenance apartment or townhouse. The notion that this generation are a surly bunch of lazy, free-loading spongers may be true for some, but a growing number want to leave the family home, where many enjoy rent free and even board free accommodation with Mum and Dad, for the independence and wealth creation of home ownership.In fact many are having to do what there parents had to do. Get a steady, well paying job, spend less, and buy in the less desirable end of town to get a foothold in the property market, and then move up as their incomes and equity in their home move upward.Property is certainly not as affordable as it was in times gone by, but with a savings plan, good money management and a solid work ethic, home ownership is still an achievable dream for the Y generation.