Young Australians buy shares as property dream fades

The ability of young Australians to access an asset class like property is difficult, a report says. (Diego Fedele/AAP PHOTOS)

What you own is more important than what you earn, according to young Australians increasingly turning to investment to get ahead, a report shows.

Seven in 10 millennials and Gen Z Australians think owning assets is more critical to financial success than career progression, and they're 25 per cent more likely to invest in markets than Gen X and Baby Boomers, according to investing platform Stake's annual Ambition Report.