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I disagree. If a larger percentage had no mortgage then yes. But that 10% isn't indicative of anything really. Wealthy foreigners, people working in the mines, people with wealthy parents, lottery winners. But hardly indicative of a common position.

Yep. I agree. I don't want to be sitting back at 50 and wishing I had travelled when I was younger when I would enjoy it more. A 5 month holiday cost me around 8k. The memories are priceless.

Yes and no. I'm in that age group and own. But I'm happy renting in the locations I want to live. There are issues with housing affordability in some areas of Sydney when you look at price rises against wage rises.