Has Generation Y been priced out of the property market?

The Co-op ‘Future Leaders Index’ revealed earlier in 2013 that although Generation Y wishes to have their own home eventually, housing affordability is an issue to them. Of the approximately 2,000 respondents aged 17-29 years old, 80% said that the high cost of properties meant that it’s almost impossible for them to be mortgage-free. So has Generation Y been priced out of the property market? The answer has somewhat changed over the past few months, at least according to the Housing Affordability Sentiment Index (HASI). Based on the index, Generation Y has the most positive outlook on the issue of housing …