Monday 26 September 2022 08:59 AM How cost of living crisis has forced more than 850,000 Aussies to move home ... trends now
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Australians are moving back home with their parents in droves to escape ballooning cost of living pressures, save for a house deposit and help family, new research shows.
A survey of 1,058 households from a range of demographics by Finder revealed that 13 per cent have had a grown up child move back in. If the same figures were applied to the Australian population as a whole, that would be equivalent to 858,000 homes taking back in a grown-up.
Almost one in three, or 30 per cent, of those returning to the nest said they were doing so because paying rent was too difficult.
Meanwhile, almost as many - at 35 per cent - said buying a house was huge feat amid soaring property prices and they were returning home to save cash for a home deposit.
Adults are packing up and piling back in with their parents in huge numbers amid soaring inflation and sky high property prices (stock image)
The top reason was to help with care for children or aged parents, with 36 per cent saying this was why they were moving back with family.
Some 19 per cent said
