PHOTO: Tom Panos. FILE
Real estate expert Tom Panos has highlighted a concerning trend he’s observed while conducting auctions across Australia.
“When I go to an auction and see someone under 30, unless their parents are with them, I think to myself, ‘they have no chance,'” Panos shared with 2GB’s Ben Fordham. “It’s sad to see that some young people buying real estate now are on OnlyFans.”
Panos remarked that for an 18-year-old, saving for a unit deposit could take 20 years, and for a house, it could take 40 years. The average age for Australians taking out a home loan has risen to 32, up from 23 in 2009.
Tom Panos, a well-known real estate auctioneer, stated that young Australians have “no chance” of buying property unless supported by their parents or earning through platforms like OnlyFans. He expressed doubt when seeing anyone under 30 at auctions without their parents, believing they won’t secure the winning bid.
Reflecting on the past, Panos said, “The dream used to be paying off your house by age 60-65. Now, it’s getting to that age just to afford a deposit. No wonder people are disheartened.”

Real estate auctioneer and guru, Tom Panos (pictured), said young Aussies have ‘no chance’ at buying a property unless they’re bankrolled by their parents or ‘on OnlyFans’

Mr Panos said if he sees anyone under the age of 30 not flanked by their parents he immediately loses belief in them getting the winning bid (stock image)
He pointed out that parents helping with deposits are impacting their own retirement savings. “Giving out $100,000 to $200,000 for deposits changes retirement plans significantly,” Panos noted.
Rising house prices are also driving essential workers out of major cities. “Teachers and nurses can’t afford to rent or buy homes,” he said.
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Panos attributed the surge in house prices partly to increasing immigration. “Immigration benefits the country, but we should pause or reduce it until we address the housing shortage,” he suggested.
Treasury documents indicate that 1.38 million migrants are expected to move to Australia over the next five years.
Recent data from CoreLogic shows the median house price increases in Australia’s capital cities over the past year:
- Sydney: Up 10.7% to $1,414,229
- Melbourne: Up 3.3% to $935,049
- Brisbane: Up 15.9% to $909,988
- Perth: Up 20% to $735,276
- Adelaide: Up 13.2% to $785,971
- Hobart: Up 0.9% to $692,951
- Darwin: Up 0.4% to $573,498
- Canberra: Up 2.5% to $964,136
SOURCE: THE DAILY MAIL