I’ve been reading some articles and book by Bernard Salt, leading demographer at KPMG and am interested to hear everyone’s thoughts re his prediction that there will only be one more property boom, around 2010 and that will be it.
Bernard’s reasoning is that after that date there will be far less people being born to replace those dying. This will be due to the large number of “Baby boomers†who will die and the low number of babies being born and the small under-13yr old generation. Bernard says this will result in a population that decreases every year and the result will be a huge reduction in the demand for the excess properties that will become available. He also predicts other adverse effects on the economy eg increased shortage of labour and lack of growth generally due to the decreasing population.
If these predictions are true, we should all sell up our investment properties after 2010! [wacko]
AND …. if plane or ships had never been invented he would be right.
Hmmm ….boom in 3 1/2 yrs you say ???
The numbers and information is very scary relating to retiring baby boomers but;
have you ever read old newspapers – i read a 1955 paper that said property prices to drop!! as market too high 1acre in Sydney Concord for 25,000 pounds – boy was he wrong
Also the future imagration demand must be factored in here some where
D
Just a thaught.
Why do you thing the govermnent is giving $4k for a baby bonus?
My opinion is that because the government knows they need to keep the population up for long term viability of this country. This along with imigration should be enough.My only question is, what type of demographic will have a child for $4k?
My wife being a teacher is concerned about the “quality” of the future children as the type of people who have childern for the money also know that 5 kids is the magic number for centerlink payments and rent assistance.There is a housing commision house a few houses up from my mate, they have no money, but can afford smokes, beer (lots of beer) and here is the kicker for me, FOXTEL.
But they have no money.
I have come down from my horse now.CATA
Asset Protection Specialist
[email protected]Immigration, government policies to increase birth rates, drought and weather change pushing people into places with water supply, “lifestyle” choices by baby boomers and others wanting to live near the beach/restaurants/nice weather and more.
There are so many factors affecting where people want to live that the possibility of booms and busts is high for a very long time, despite Mr Salts’ opinion.
Dale
No problem the Government and employers will just keep bringing in more skilled workers from overseas rather than providing any trade skill training for Australia’s youth. She’ll be right..!
Those youth that miss out will be looked after in the future as Centrelink likes to look after people that do not own any assets and have absolutely no income, with rental assistance they will be able to afford to rent properties in the future. I will get off my soap box now !Yes that’s a good point – they’ll always be people lining up to get into Australia as it’s such a great country (I was one of them!)
Wonder if one day they’ll again start letting people in for 10 bucks like they did years ago??!!
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