"I’ve been saving for a house for about five years. And I’m further away than when I started,” he sighs.

Literally how we felt, and that was quite a few years back. Can't imagine how it feels these days.

When it comes to those in their 30s, Grattan Institute data shows that in 2016, 30-year-olds contributed twice as much to support older Australians’ living standards than Boomers did at 30. And that’s adjusted for inflation. ... The data projections expect 30-year-olds in 2041 to be paying nearly four times more.

Solid data behind the ladder pulling younger generations have been calling out since before the whole "avocado toast" boomer entitlement.

this generation has contributed more to support older generations ... in part, because more well-off, older Australians are paying less tax.

I guarantee boomers and Gen-X won't support a rebalancing, especially the type of rebalancing required — where housing being treated as an investment vehicle needs to cease via a dozen extreme regulations — like banning all ownership beyond a single investment property, banning all corporate ownership including SMSF's, banning of non-resident ownership, extreme taxes for empty property, and most penalties (beyond a sensible grace period) including outright forfeiture and resale of the entire asset; coupled with strong tenancy regulations to bring us in line with the EU, where the status quo is the opposite of Australia, instead of renting = temporary accommodation and housing insecurity.