It's great to hear something from an Aussie perspective! Maybe not the current generation, but all of us oldies were programmed to see a house as the #1 asset to strive for throughout our lives. It'll take a while for that conditioning to disappear, especially as so many organizations have a lot staked on keeping it around.
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I am only slightly "Aussie perspective" as I live in Finland now, but I try to stay connected still :)
And yeah, the #1 asset of a house is strong in me too - even though at the moment, I likely have more tied up in crypto! :D
The more I learn about how I have been conditioned to value certain things, the more it makes me cringe!