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.
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. A rise in single-occupancy households will see an increase in demand for dwellings in the inner suburbs of Australia’s major cities; medium-sized apartments and townhouses will prove to be good investment opportunities in order to house this demographic, although Yardney warns that smaller sized apartments in high rise towers could become ‘the slums of the future'.