Five Years After, the Millennial Generation Threatened Can not Buy Houses

JAKARTA, KOMPAS.com – Five years into the future, or rather 2021, the millennial generation who work and live in Jakarta, threatened not to buy and own a home. Millennial generation in question are those born between the years 1981-1994.

Country General Manager Rumah123.com Ignatius Fortunately catapult research in cooperation with the Karir.com, in Jakarta, Wednesday (12/14/2016).

The conclusion, according to Untung, departed from the normal salary increases revenue figure out promotions throughout the year 2016 amounted to an average 10 percent, and the surge in house prices with the numbers assuming a minimum of 20 percent.

the mean income average millennial generation is Rp 6,072,111 per month. Meanwhile, in order to repay a home in Jakarta with the lowest price of USD 300 million, it takes a minimum income of Rp 7.5 million per month.

“In fact, the rise in house prices that we take the most minimal when the property market was sluggish as it is now this, “said Lucky.

Meanwhile, if traced historically since 2009-2012 that the era of explosion (boom) properties, the rise in house prices could reach 200 percent, or 50 percent per year.

Fortunately predicts an increase in house prices in the next five years about 150 percent, while revenue growth was only 60 percent in the same period.

With the estimated increase of at least 20 percent per year, house prices are currently pegged USD 300 million will be Rp 750 million.

Compare this with the range of income generation millennial in 2021 the future exists only in the number of Rp 12 million.

by earning USD 12 million, the generation of the millennial no longer afford to buy homes actually affordable by them today.

“Because, when house prices reached USD 750 million installment to be paid is Rp 5.6 million per month, whereas their ability to repay only 30 per cent of the revenue of Rp 3.6 million per month,” said Fortunately.

Thus, based on these facts, in 2021 the next generation of millennial fear can not buy a house.

“alarm is serious for the government,” said Lucky.

Only 17 percent

Karir.com CEO Dino Martin adds, there are many interesting facts revealed in the research.

among these are millennial population of professionals who can afford a house in Jakarta only about 1,446 people of the total 8510 respondents to the average income in the beginning of this article.

“limits on salary are professionals who work in the mining sector, oil and gas at $ 12.099 million per month, and the lower limit in the education sector with the Rp 3.84 million per month, “said Dino.

It means, further Dino, only 17 percent of the millennial generation Jakarta who can afford to buy and own a home. That was the lowest price of Rp 300 million.

The results of such research at the same time represents that financial management should be a priority, and be taken more seriously.

“When to save, when to meet the lifestyle needs, and others,” said Dino.

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