Forecasts real estate market in Australia in the next decade
According to some reports, experts predict that the Australian real estate market in the next decade will have some good progress.
Australia’s real estate market has always been a magnet for investors around the world. Especially in the next decade there will be a new immigrant population that will promote the market in certain areas. The following is a review of current needs and housing needs assessors in Australia.
According to data from the Australian Bureau of Statistics (ABS), younger generation aged 35-39 also tended to live in adjacent houses. In Sydney, 53% of households between the ages of 35 and 39 live in a townhouse area not too large and close to the center.
In previous generations, Australians tend to go to the outlying suburbs to buy a family home. But now, people are sharing the living space to be in homes that are convenient to them.
“Sydney is at the forefront of the transition to the lives of multi-generational families,” said Chris Johnson, Managing Director of Urban Taskforce Australia. 14% of families live together for generations, but by 2016 that number has risen to 20%, and we expect that number will continue to rise to 24% by 2024. ”
On the other hand, MGS Architects deputy managing director, Dr. Katherine Sundermann, said that contractors should start building condos and townhouses suitable for the whole family, so focus on The building is large enough for many generations to live.
According to experts, more and more people are willing to take their children to live in townhouses in the inner city of big cities. This will promote the development of the townhouse market in some locations near the center for many years to come.
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