Many places in Australia are heading for the most important property market growth in a technology.
Do you know that we’ve got solely ever skilled six housing market booms since our nation started?
They’re proven on this graph, they usually have been all generational property market booms, precipitated when every new technology determined to purchase their first houses on the identical time.
You may clearly see the Federation growth within the early 1900s, the 2 post-war child booms of 1919-1922 and 1947-1951, the newborn boomers shopping for their first houses within the Seventies, the Gen X shopping for growth within the early 2000s and extra just lately, the Millennial dwelling shopping for growth which began through the Covid years.
What’s much more vital for buyers is that every of those six booms have been boosted by huge intakes of everlasting abroad arrivals, which resulted in hovering rents and much more demand for housing.
Every growth began with a surge of dwelling consumers, after which grew in depth with the arrival of enormous numbers of migrants who noticed Australia as a land of alternative to rebuild their lives.
Proper now, we’re experiencing file numbers of abroad arrivals making new houses right here.
Because of this the Millennial housing growth has solely simply began and might be right here for years to return.
It is the last word alternative for buyers to profit from our sixth housing market growth.