Millennials. It's a term used to describe people born between the early 1980's to around the year 2000.
cent research reveals that within three years, more than 40% of home buyers will come from the millennial generation, as many reach their peak income-earning years.
Many millennials view property differently because they often manage strict budgets, and can therefore be more price sensitive.
Having grown up in the technological age, millennials are typically fluent in accessing and analysing the enormous amount of information available on the internet, so they know how to find properties offering them value for their money.
Many millennial buyers understand that they need to start with a smaller property or unit as a stepping stone, or buy in a city or town where prices are more affordable.