article_snippet: As thousands of young Australians look to buy thousands of young Australians first home, it may be Generation Y that suffers the most as skyrocketing property prices preventing thousands of young Australians from entering the market.
article_snippet: A survey of real estate agents around the country revealed that 60% believe the Australian dream of owning your home is becoming less obtainable, and young Australians could be forced to rent long-term as residential property prices jumped an average of 6.8% in the last 12 months.
article_snippet: Sydney's Lord Mayor described the property market in Sydney as a 'housing crisis'. '
article_snippet: Many young people can no longer afford to buy into the property market in Sydney.
article_snippet: There are people suffering housing stress,' Cr Moore said. '
article_snippet: For our future socio and economic prosperity we can no longer afford to shift the chronic housing issue to the too hard basket,' Cr Moore said at Sydney Housing Problems.
article_snippet: Not only for the sake of future generations but present ones as well,' reported Domain. '
article_snippet: The dream of owning your own home is still important for most Australians and we’re seeing that people are willing to forgo on the luxury of location to keep it alive,' said co-founder and co-CEO of OpenAgent, Zoe Pointon.
highlights_snippet: 60% of estate agents believe owning a home is becoming less achievable .
  
highlights_snippet: Sydney Lord Mayor said that many young people cannot afford to buy .