"Cost of living is a constant with them, even though they're doing quite well ... things are just too expensive and they're realising it, and we're realising it, and I think everybody is,"Phil said.
"Is that the price baby boomers are paying?"
"That's why the consumer in Australia has been able to weather the interest rate hikes over the last few years far better than we would have thought, because they're getting help with their weekly bills and food and utility expenses."
"What we're in now is probably the first generational period of time where these transfers from parents to adult children and grandparents to adult children are actually meaningful and significant."
"Affordability is completely broken. So we have a bifurcation in the market — those with help from parents can buy, those without help can't, and that's a problem."
"It's the accelerated growth in property over a generation or two that has given them the wealth to enable them to pass it down to the next generation, which means that it's perpetuating a process."