hi all,
fairly new here, looking to start making some investments for long-term growth (30+ years)
I'm looking to get advice on what types of property will become more desirable over that time frame
My feelings are that villas/townhouses/units will be more sought after over this time frame for the following reasons and therefore will make better investments; what do you think?
It seems to me that with an ageing population there will be more people downsizing from their family homes to smaller properties
People are, anecdotally, more focused on lifestyle, 'experiences', etc - wanting to travel overseas, eat out from home, etc. This may mean people are looking for smaller properties, smaller mortgage so that they have more for their lifestyle or so they can be closer to work/city.
Particularly in Sydney, property is so expensive people may look at alternatives
A lot of the people I talk to are less interested in yardwork, maintaining a garden or vacuuming entire houses, they would prefer to have a smaller place and more time for other things
Kids are spending less time outdoors, more time on computers, etc - meaning less demand for large backyards
On the other hand: houses are getting bigger each year and we are spending more of our income on housing according to the ABS, so maybe people will continue to pursue the "australian dream" of a house and land, whatever the cost
Also: I feel that over the last twenty years a number of factors have contributed to increased housing price growth by either increasing demand or decreasing the costs of holding property
1) Negative gearing
2) Mining boom and associated increase in household wealth/incomes
3) Transition from high interest rate environment to low interest rate environment
4) First home buyer incentives
5) Reduction in income tax rates
Given most of these factors are one-offs, what policies/events do people think will sustain growth in house prices over the next 20-30 years?
fairly new here, looking to start making some investments for long-term growth (30+ years)
I'm looking to get advice on what types of property will become more desirable over that time frame
My feelings are that villas/townhouses/units will be more sought after over this time frame for the following reasons and therefore will make better investments; what do you think?
It seems to me that with an ageing population there will be more people downsizing from their family homes to smaller properties
People are, anecdotally, more focused on lifestyle, 'experiences', etc - wanting to travel overseas, eat out from home, etc. This may mean people are looking for smaller properties, smaller mortgage so that they have more for their lifestyle or so they can be closer to work/city.
Particularly in Sydney, property is so expensive people may look at alternatives
A lot of the people I talk to are less interested in yardwork, maintaining a garden or vacuuming entire houses, they would prefer to have a smaller place and more time for other things
Kids are spending less time outdoors, more time on computers, etc - meaning less demand for large backyards
On the other hand: houses are getting bigger each year and we are spending more of our income on housing according to the ABS, so maybe people will continue to pursue the "australian dream" of a house and land, whatever the cost
Also: I feel that over the last twenty years a number of factors have contributed to increased housing price growth by either increasing demand or decreasing the costs of holding property
1) Negative gearing
2) Mining boom and associated increase in household wealth/incomes
3) Transition from high interest rate environment to low interest rate environment
4) First home buyer incentives
5) Reduction in income tax rates
Given most of these factors are one-offs, what policies/events do people think will sustain growth in house prices over the next 20-30 years?
