An article by property expert Michael Yardney has outlined how future household formation trends could influence Australia’s property market and has predicted a 5% increase in housing demand per year. However considering the likely needs of the affluent DINKS and empty-nesters many of the highrise towers currently being built will not deliver the type of accommodation these households will need and, as a result, many of the inner city high rise towers of small substandard apartments will become the slums of the future. The report also suggests that the number of people aged between 25 to 34 who are renting will rise from about one million today to two million within 10 years.
An article by property expert Michael Yardney has outlined how future household formation trends could influence Australia’s property market and has predicted a 5% increase in housing demand per year. The report also suggests that the number of people aged between 25 to 34 who are renting will rise from about one million today to two million within 10 years.