ABC News (Australia) published this video item, entitled “In China, it’s not baby boomers causing house price bubbles | China Tonight” – below is their description.
A global study found young Aussies are below average when it comes to owning a home. But in China it’s a very different story…
A huge 70% of millennials, aged 19-36, own their own home!
But despite government policy to cool the market, the average price of a new home has been increasing every month this year, showing no signs of slowing down.
Annie Louey took a look.
ABC News (Australia) YouTube Channel
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