But more and more Millennials are turning their nose up at the “Australian dream” and spending their hard earned money on experiences — from overseas travel, to luxury items and the latest and greatest in technology — rather than a mortgage.
“The safe decision is what parents often tell you to do … have a good job, buy a house and settle down … for me, I didn’t want that.”Source:Instagram Druvi De Silva spent his savings that were originally intended to go towards a house deposit on an overseas trip instead.to help young buyers trying to enter the property market.
Prime Minister Scott Morrison announced on Sunday a First Home Loan Deposit Scheme if elected. Picture: Gary RamageOn Tuesday, Channel 7’s Samantha Armytage and David Koch questioned how young Australians were still going overseas and buying “leather couches” rather than saving their money.
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