From: Crispin Dobson
Happy New Year gang!
I've been reading in various newsletters and reports recently about a slowly changing demand pattern for IPs. In particular, the basic unit/apartment for 20-30 year old renters that has been popular with developers and investors over the past few years are likely to be in less demand (FHOG, demographic changes). Therefore, these type of properties are likely to see less sustained capital growth over the next xyz years, and rising vacancy rates. On the other hand, the baby boomers are now approaching the time when their kids are leaving home (empty nesters) and they want to move in to something in the same area, but smaller, less maintainance, high quality fixtures and fittings, close to transport, amenities etc etc.
I am looking at this from a prospective developer's point of view and wondered if anyone else would venture their views on profitable market niches such as mentioned above.
BTW - I saw Lord of the Rings yesterday - awesome!!
Crispin
Happy New Year gang!
I've been reading in various newsletters and reports recently about a slowly changing demand pattern for IPs. In particular, the basic unit/apartment for 20-30 year old renters that has been popular with developers and investors over the past few years are likely to be in less demand (FHOG, demographic changes). Therefore, these type of properties are likely to see less sustained capital growth over the next xyz years, and rising vacancy rates. On the other hand, the baby boomers are now approaching the time when their kids are leaving home (empty nesters) and they want to move in to something in the same area, but smaller, less maintainance, high quality fixtures and fittings, close to transport, amenities etc etc.
I am looking at this from a prospective developer's point of view and wondered if anyone else would venture their views on profitable market niches such as mentioned above.
BTW - I saw Lord of the Rings yesterday - awesome!!
Crispin
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