In a recent article the ABS estimated that Australia’s population will reach 32 million in the next twenty years with two thirds of the population of working age. In fifty years this figure will reach 49 million with less than half the population of working age.
What does this scenario tell us? Less workers means less income to service debt and less tax revenue. An increase in compulsory superannuation is also inevitable. As retirees downsize there will be less workers available to purchase these homes. Investing long term in property that appeals to the retirement set or is able to be purchased via superannuation may be the way to go.
See the following link for the full ABS Australian Social Trends article.