Almost 40 per cent of young adults still living with parents, study finds

Australians are living with their parents longer, according to new data which shows some adults are not moving out until they are 34.

A significant 39 per cent of 18 to 24-year-olds still live in their family home, according to a survey of 2,000 Australians by market research company Insights Exchange.

Meanwhile, 15% of people aged between 25 and 34 still live with theirs, a 10% increase on last year’s figures.

Experts said that these seniors not being able to comfortably afford rent played a factor in them living with their parents longer.

“Going out on their own, whether it’s renting or saving for a house deposit, it’s just becoming more and more unaffordable,” said demographer and founder of Insights Exchange Nicola Quayle.

Quayle said young adults see no reason to move out during the cost-of-living crisis.

“Why would they move out of their home?” said Quail.

“If they have a comfortable living space, they don’t have to pay too much on the bills and can spend their disposable income however they want.”

The survey also looked at how young Australians spend their disposable income.

Up to 44 percent of respondents used it for general expenses, 43 percent of respondents spent it on travel, while 29 percent spent it on a new car.

Another 27 percent used their disposable income to buy clothes and accessories.

Only 24 per cent used their disposable income to save for a home deposit.

Rose McClelland, 25, still lives at home with her mother and father.

“It’s hard when you live in Sydney … so I think it’s a very common trend,” she told 9News.

“We’re approaching our 30s and still living at home.”

“I eliminate my travel and control my shopping and try to prioritize saving.”

Father Bruce said he had no objection to his daughter living there.

“This is the new normal, the next thing is going to be the kids, you know,” he said.

Social researcher Edgar Liu said being forced to choose between a deposit and a personal purchase is a decision not everyone wants to make.

“We need to pay more attention to how people actually want to live and provide the right kind of housing and the right kind of support for people to do that,” he said.