The revolution that could change gen Z’s gloomy outlook
Despite their currently very pessimistic view of housing, gen Z could actually enter a property market in the 2030s that is more affordable than it is today.
Despite their currently very pessimistic view of housing, gen Z could actually enter a property market in the 2030s that is more affordable than it is today.
Australia is undoubtedly a migration nation, but as more countries seek to attract a smaller pool of potential migrants, we need to ensure we still attract the skilled workers needed to drive the economy.
They might be the forgotten generation stuck between two big personality eras, but a gen X spending boom is coming as they get set to inherit just as their kids stop depending on them.
Politicians calling for slower migration figures look like they are tackling housing affordability. That way they can avoid making bold housing policy choices that would inconvenience voters.
Even baby boomers will eventually see their health decline to a point where unassisted living is impossible and this has significant implications for the overall population and our aged-care system.
We need to stop thinking about building more houses and instead get on with manufacturing them, because technological advances mean that they can be mass produced to meet demand.
Boomer family homes will be bulldozed to make room for two or three townhouses. Get ready for impact.
We can’t build a sea of ‘Euro blocks’ in our capital cities but we can increase the density in the middle suburbs. And state governments are getting tough on local councils to make this happen.
Move over location, location, location. As our population gets set to double our new real estate mantra is supply, supply, supply.
Amid a national housing crisis, there’s one demographic shift that holds a lot of untapped potential for residents and investors.
Original URL: https://www.theaustralian.com.au/author/simon-kuestenmacher