admin-ajax.php

Our Aging Population will change the face of our property markets

ccording to demographer Bernard Salt of KPMG, Australia is going to have an additional two million retirees in the coming decades.

There are currently 4.5 million baby boomers who were born between 1946 and 1964, equating to 20% of the Australian population. With the oldest baby boomer now turning 65, over the next five years 4.5 million people will be moving into the space now occupied by 2.5 million people.

Contrary to what some are suggesting, these baby boomers are not going to move into retirement homes. In fact it will probably be many years before they will move into retirement communities and that will only be if they are dragged there kicking and screaming.

While a few boomers will make a sea change or a tree change, the majority will want to remain in the locality where they currently live. They will want to be close to their friends and family and not have to change their hairdresser and doctor.

Yet they will be keen to move from their current homes to ones of similar size with modern amenities and more security. These will be apartments and townhouses

For years the baby boomers have defined our property markets and their housing preferences will continue to shape the markets.



icon-podcast-large

SUBSCRIBE & DON'T MISS A SINGLE EPISODE OF MICHAEL YARDNEY'S PODCAST

Hear Michael & a select panel of guest experts discuss property investment, success & money related topics. Subscribe now, whether you're on an Apple or Android handset.

icon-email-large

PREFER TO SUBSCRIBE VIA EMAIL?

Join Michael Yardney's inner circle of daily subscribers and get into the head of Australia's best property investment advisor and a wide team of leading property researchers and commentators.


Avatar for Property Update

About

Michael is a director of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and his opinions are regularly featured in the media. Visit Metropole.com.au


'Our Aging Population will change the face of our property markets' have no comments

Be the first to comment this post!

Would you like to share your thoughts?

Your email address will not be published.
CAPTCHA Image

*

facebook
twitter
google
0
linkedin
0
email

Michael's Daily Insights

Join Michael Yardney's inner circle of daily subscribers.

NOTE: this daily service is a different subscription to our weekly newsletter so...

REGISTER NOW

Subscribe!