Yes, there is COVID-19 – but what about the huge demographic shift from retiring Australian baby boomers and its impact on the Australian property market? Will it lead to the collapse of real estate prices?
Baby boomers have at times been equated with the elephant in the (property market) room. There have been widespread discussions about what may happen when this group sells properties in bulk.
Given that there are 5.3 million baby boomers expected to retire in the next 10-15 years, there should be an impact.
Is it a concern or more of an opportunity for property investors?
Let’s find out.
Like most Australians, you have set your sights to getting an investment property as part of your long-term financial strategy. The only problem is that property is getting more and more expensive.
Home hunting remains a passionate pursuit in our country and there are many who keep looking for a year or more before zeroing in on the right property.
