A decade ago it was the seachange shift which was killed by the GFC and then came the resources boom with FIFO workers. Then came online shopping and paywalls and the demise of Aussie manufacturing. Then came Chinese transnationals buying apartments as a risk mitigation and lifestyle strategy. And then came the rise of Apartmentia as an alternative to Suburbia embraced by Gen-Y hipsters and downshifting baby boomers. The rise of knowledge industry jobs attached to CBD and inner-city institutions and head offices together with close-to-record rates of population growth in Sydney and Melbourne are driving household formation and the demand for property. This surely is the short term trajectory for Australia and which will not alter perhaps until Gen-Y morph from the hipster to the teenage-rearing stage of the life cycle. By that stage, say the mid to late 2020s Gen Y knowledge workers will be lured out the suburbs from whence they came. The grand circle of life will be complete; they will buy their ancestral homes. Its all just a matter of time tinyurl/oac7fyy
Posted on: Wed, 26 Nov 2014 18:36:48 +0000
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