‘Australian dream slipping away’: Young people losing hope amid housing crisis

Page Research Centre CEO Gerald Holland warns the erosion of the “Australian dream” is fuelling rising pessimism and depression about the future. “Young people want to build their lives on a firm foundation, not on the uncertainty of a volatile rental market,” Mr Holland said. “Such little hope on achieving the Australian dream upon which our social contract between generations has been built. “Is it any wonder that more and more young people are identifying as depressed and pessimistic about the future?”