Nowadays young Germans mostly work in temporary employment and will never afford to live in a own place. Germany now has one of the lowest wages/salaries in the entire European Union. That's the reason why hubby and me came over here! Here the banks offered us money for a mortgage to pay off our house, our 'own' country betrayed us simply to the fact that hubby had a fixed-term contract.
Germany has a property rate of nearly 40 % at the moment (many owned by international syndicates) whereas Australia has one above 70 %. In my opinion that fact speaks for itself!
Last but not least many properties in Germany are owned by foreign investors, many from the US, Greece, China...Nothing with Germans are clever, not for the own people!