So for a change of pace, we’re including some long range crystal ball gazing for your reading pleasure.
We recently spotted an interesting Property Update article on what Australia’s property market will look like in 2036.
Spoiler alert – it won’t be any cheaper, and that will have flow on effects for how we buy, rent and live in Aussie properties.
Check out these key takeouts:
- Australia’s population will likely exceed 33 million.
- “Forever Renters” will be a “recognised demographic”.
- Renting will also be a “lifestyle choice” for many, not just a necessity.
- Governments will adopt better tenant protections with a focus on security of tenure.
- Gen X will become the wealthiest generation in Australia as they access their Baby Boomer parents’ inheritance – and they’ll help the next gen enter the property market.
- Buyers will pay bigger bucks for lifestyle factors and location, rather than size.
- The ’15 minute city’ – where you live, work, shop and play in a 15 minute radius from home – will shape urban planning.
Ready to be an early adopter of the forever renter status? Check our listings for rent.
Looking to get in ahead of the 2036 rush? View our current listings for sale.
