Senate Select Committee on Intergenerational Housing Inequity - Brisbane, QLD (part 2 of 2)
10 June 2026
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Senate Select Committee on Intergenerational Housing Inequity Australian Parliament
00:00 - 00:41
Speaker 2
And you mentioned that can be up to, did you say, $670,000? So I think that's really important too. Young people come to the position of trying to buy a home now with, you know, a sizable debt on average, certainly close probably to 30. They come to it with a very different labor market experience, less job security, and of course, the prospect of AI, which might... We don't know how that's gonna pan out, but it's not looking all that fabulous for if you're a 30 year old professional who trained in coding.
And then, of course, coming to rent or to buy. So I think there were some fundamental things that that that that... There. Do you concede that that that's real? Of course, not denying the very significant issues there for older Australians as well.
00:41 - 01:40
Speaker 11
Yeah. And and I guess that the the older cohort is, I guess, competing in that same that that same system, and and there are a significant number of of older Australians that are still continuing to rent. But we are very concerned... National Scenes is very concerned over the horizon in terms of the impact that the housing situation will... Is causing today, but what it will cause tomorrow for those young people as they move through life.
And and the... In the submission, we we sort of talk about that the system as it sits at the moment in terms of the retirement system and the aged care system, a fundamental component of... Around those systems is that you are in a fortunate position to be able to own your own home. And so, you know, quite often, we... The the the intergenerational report gets quoted around that these are the things that are emerging over, you know, the next thirty, forty years.
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