A recent boom in Australian housing demand due to the rapidly growing population is expected to continue until at least 2027, according to property expert Pete Wargent; however, the demographics concerning home buying in Australia differ to those in previous years. For example, there has been a marked decrease in home buying activity amongst 45-55 year olds, a demographic which usually spends the most on homes, and the average age of first-time buyers is predicted to rise past Two. Instead, investors are expected to continue to dominate the property market.
A recent boom in Australian housing demand due to the rapidly growing population is expected to continue until at least 2027, according to property expert Pete Wargent; however, the demographics concerning home buying in Australia differ to those in previous years. For example, there has been a marked decrease in home buying activity amongst 45-55 year olds, a demographic which usually spends the most on homes, and the average age of first-time buyers is predicted to rise past 40. Instead, investors are expected to continue to dominate the property market.