I'm tired of the assumptions. Full stop. Like the Gen Y's are the first people ever to face this. Why do they think there are so many small, ****ty properties in the first place? Because that's the housing that previous generations had! Yeah the housing market is tough to get in to, but plenty of young people get around this by being agile in their choices, and thinking outside the box. Can't afford to get into the market here? Well, get into it somewhere else where you can, then negative gear yourself a better deposit. Or get into a property by purchasing a % share. Or lean on your "privileged" boomer parents to give you a leg up, but do it with respect & gratefulness, not entitlement. And make the hell most of whatever situation you're in. And quit whining like no one else has ever faced what you are facing.