In Australia the picture is similar but of course significant immigration does skew the numbers somewhat. However there is clear steady demand coming through over the coming years until we see a decline for a few years before a massive pick up from 2000. Assuming interest rates are relatively accommodative in the 2030’s, Australian property looks set to enjoy a another strong decade.
Our conclusion is that Australian property might be close to flatlining for a few years but in 10-years’ time demand is going to surge even harder making affordable housing even tougher to find – it will be interesting to see how we are living our lives then e.g. will we see even more working from home hence demand can be satisfied by people moving to regional areas?
