I guess the reciprocal effect will be increased supply of larger baby boomer family houses for sale in the cities and country centres....more supply will equate to a lesser sale price giving retirees less cash to repurchase on the coast...They will probably downsize anyhow.
lending is down 20% on last year so the baby boomers allready have a decreased potential of selling their homes at 2010 prices.
I think this is already reflecting in the diving property prices on the Goldie and the Sunshine coast.
Happy to be wrong as I own property on the coast...
