A yearly property taxes or stamp duty: The lesser regarding two evils?

Shifting demographic developments have been getting a fair quantity of attention in the media recently, a thing that all investors should be taking close notice of.

I’ve thought it was interesting to remember recently the mainstream press in particular is starting to pick up upon some of the growing but spectacular changes in real estate trends.

I’ve mentioned Australia’s ageing populace before, it comes with many developers are moving towards smaller-sized or multi-use dwellings, rather than the traditional huge home on a huge block of land.

It wasn’t too long ago that a four-bedroom house inside the suburbs had been the standard ‘Australian dream’, but a big family home doesn’t suit every person any more. In fact, these types of homes increasingly match fewer and fewer segments of the population.

The particular fastest-growing household size, according to a new report, is single-person households. These could be more mature Australians, that are living over ever before, or much younger Australians they like to live independently.

“Single people, as an example, are waiting longer to get married or perhaps enter into the long-term relationship,” claims Professionals California chief executive Shane Kempton in a latest media write-up.

As a result, particular property characteristics are becoming more important to some buyers.

“Car parking and security features are necessary when buying a home, because much more single people tend to be demanding higher levels of security, and these functions can impact on the resale value of the property,” Shane says.

Are you positively considering Australia’s growing demographic developments when critiquing your next investments?

Or can you truly believe the big house on the big prevent will always have its marketplace, so you’ll still build your profile with free standing homes rather than smaller apartments and models? Would love to understand where you stand about this, feel free to comment!

Til the next occasion, happy trading!

The fastest-growing household size, according to a new report, is single-person households. Click here to know more about Real Wealth Australia.

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