Home loan interest rates at record lows, house prices at dizzy heights: Is it really harder today?

GETTING onto the property ladder has never been tougher for cash-strapped Gen Y.

But as it turns out the great Australian dream wasn’t exactly smooth sailing for Baby Boomers who paid interest rates more than three times higher than compared to today.

While Gen Y is looking down the barrel of years of servicing a loan and actually saving a deposit, Baby Boomers were faced with higher repayments and greater mortgage stress.

In other words it’s harder for Gen Y to get on the ladder but easier than ever before to service a loan compared to Baby Boomers.

NEWS.COM.AU, Date April 29, 2016