Home ownership not only implies financial stability but also ensures certainty & security for starting a family.
• 70% of Chinese millennials, aged 19 to 36, are home owners in New Zealand, acc. to HSBC global home ownership study.
• The high rate of home ownership among these millennials is embedded in traditional thinking – a house means financial stability.
• However, owning a home in the overheated & overpriced NZ real estate market wouldn’t be possible without the help of parents.
• Parents are the brightest hope for millennials to get on to the property ladder in the overheated market for they act as guarantors.
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