Many locations in Australia are heading for the biggest property market boom in a generation.
Did you know that we have only ever experienced six housing market booms since our nation began?
They are shown on this graph, and they were all generational property market booms, caused when each new generation decided to buy their first homes at the same time.
You can clearly see the Federation boom in the early 1900s, the two post-war baby booms of 1919-1922 and 1947-1951, the baby boomers buying their first homes in the 1970s, the Gen X buying boom in the early 2000s and more recently, the Millennial home buying boom which started during the Covid years.
What’s even more significant for investors is that each of these six booms were boosted by massive intakes of permanent overseas arrivals, which resulted in soaring rents and even more demand for housing.
Each boom started with a surge of home buyers, and then grew in intensity with the arrival of large numbers of migrants who saw Australia as a land of opportunity to rebuild their lives.
Right now, we are experiencing record numbers of overseas arrivals making new homes here.
This means that the Millennial housing boom has only just started and will be here for years to come.
It's the ultimate opportunity for investors to benefit from our sixth housing market boom.