Thousands of buyers are aged 18 to 23

This year 2 316 people aged 18 to 23 bought property, Lightstone data shows, of whom 1 774 bought full-title homes and 542 sectional title.

Between 2008 and now, 65 197 adult generation Z members bought properties, Lightstone says. Most bought properties for less than R500 000 while about 18 000 paid from R500 000 to R1 million, about 5 600 bought for between R1m and R3m, and 335 for more than R3m.