Younger Australians have changed their buying habits, according to new research. The LJ Hooker Youth White Paper found that under-30s have embraced “new and innovative buying habits” to enter the property market. This has seen first-home buyers “fly under the radar”, according to the report, and led to an under-reporting of their numbers and changing habits.

The report said the most common new buying habit is that of the ‘rentvester’, who invests in a cheaper suburb while continuing to rent in a more desirable location. Another approach is to partner with family or friends to buy a larger property to co-inhabit or use as an investment. Ownership is either as tenants-in-common or joint tenancy.