Buildnet

[justinsigns]

I am on a mailing list called Buildnet, and here is a story that came out of the latest issue with a link to the full story.


Gen Y investors take bigger risks: study
11.09.2008

Generation Y investors who manage their own funds are shrugging off the housing slump to invest more in property than shares and take higher risks in search of greater returns, a new study finds.
Conversely, baby boomers perceive the property market as risky, and see superannuation as a safe long-term option, despite the higher fees.
The RaboPlus DIY Investor Survey of all ages groups defined investors as those with $150,000 or more in personal savings who actively manage their own investments.
The survey, launched on Wednesday by consultancy Celsius Research, showed that DIY investors aged 18 to 29 were more inclined to invest in property despite the downturn in the housing market.

Full story... http://www.buildnet.net.au/welcome/news/877

[Brendan]

Great article.. I agree, I think Gen Y's have seen throughout their life that there has been a consistent increase in property values and can see that there is a lot of money to be made.

Gen Y's have not yet seen a real recession as opposed to baby boomers so don't really understand the risks associated with investing in property, so still see it as a can't lose type scenario..

What are your thoughts?