Nine in 10 Australians believe home ownership is becoming increasingly unattainable for young Australians.
A recent nationwide survey, conducted by YouGov, revealed almost one fifth (31 per cent) of Aussies believe it’s too difficult to save for a deposit in the current climate, with Millennials and Gen X almost
twice as likely to share concerns of never attaining the Australian dream of home ownership than Baby Boomers.
In Australia, the dream of home ownership has long been linked to the belief of a better life and an expression of financial success, freedom and security.
While home ownership remains a key part of the Australian dream for 88 per cent of surveyed respondents, the dream has lost its shine with Millennials and Gen X.
Queensland has become a hot destination in recent years, with 15 percent of Aussies considering a move to the sunshine state in the next two- three years, and the Gold Coast is top of the list for four in 10 (40 per cent) of would-be movers.
Motivations for making the move to Queensland saw almost half of respondents (48 per cent) say it offered better weather conditions, and overall quality of life (47 per cent).
Interestingly, the average Aussie believes it would take at least $7.81 million for them to retire tomorrow and guarantee a future of financial freedom.
RSL Art Union is set to make that dream a closer reality for one lucky Australian when they announce the winner of their Draw 405 prize home giveaway in May – a $6.6 million Gold Coast complex prize home, complete with five fully furnished apartments and gold in May – a $6.6 million Gold Coast complex prize home, complete with five fully furnished apartments and gold.
The Gold Coast apartments just steps away from the beautiful coastal hub of Bilinga, are sure to open a world of opportunities for a lucky RSL Art Union winner.
Redefining the idea of “home”, each of the five stunning apartments within the contemporary apartment block feature globally inspired décor.
Whether it’s the industrial chic of a New York loft, exotic Moroccan style, vibrant Mediterranean, sophisticated Scandinavian, or classic Palm Springs, the new owner will feel like they are on a holiday every day.
The apartments, up for grabs for the price of a $10 ticket, also provide a potentially lucrative source of income. The winner can move into the penthouse apartment and rent out the other four for an estimated $166,400 a year, rent all five for an estimated $244,400 per year, or sell all the stunning apartments to become an instant multimillionaire – a life-changing prize that could offer financial freedom for years to come.
The RSL Art Union was created in the spirit of mateship following World War I, and over the past seven decades has provided a secure funding source for RSL Queensland, to continue vital support programs so many veterans, and their families rely upon.
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