Discuss accommodation is rising

07/08/2015 12:30

Transferring demographic developments have been attracting a fair amount of attention in the media recently, a thing that all investors should be using close note of.

I’ve thought it was interesting to notice recently that the mainstream mass media in particular is starting to pick up about some of the changing but remarkable changes in real estate trends.

I’ve mentioned Australia’s ageing populace before, and the fact that many designers are relocating towards smaller-sized or even multi-use dwellings, as opposed to the traditional big house on a huge block associated with land.

That wasn’t too long ago that a four-bedroom house within the suburbs was the standard ‘Australian dream’, but a big family home doesn’t suit everyone any more. In reality, these types of houses increasingly match fewer and fewer segments of the population.

The actual fastest-growing household dimension, according to a new report, is actually single-person households. These might be older Australians, that are living longer than ever before, or younger Australians that like to live independently.

“Single people, as an example, are waiting longer to obtain married or enter into any long-term relationship,” says Professionals California chief executive Geebet Kempton in a recent media article.

As a result, specific property functions are becoming more valuable to some customers.

“Car parking and also security features are necessary when buying a house, because much more single people tend to be demanding higher levels of security, and these features can impact around the resale property's value,” Shane claims.

Are you positively considering Australia’s evolving demographic developments when reviewing your next assets?

Or would you truly believe the big house about the big prevent will always possess its industry, so you’ll continue to build your profile with free standing homes instead of smaller apartments and devices? Would love to know where you stand on this, feel free to opinion!

Til the next time, happy shelling out!



The fastest-growing household size, according to a new report, is single-person households. Click here to know more about Real Wealth Australia.

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