Younger Aussies prioritising saving for a house, bank says – NEWS.com.au

The coronavirus recession is turning younger Australians into budget-conscious savers, NABs millennial-focused digital subsidiary UBank says. Newly appointed UBank chief executive Philippa Watson says saving for a home remains one of the main investment goals for Millennials, despite the age demographic being one of the hardest hit from the economic downturn.
Historical low interest rates are fuelling a push for property ownership, with biannual research conducted by the bank revealing 44 per c…

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