1. Exactly, It is why I used both of them. I used majority because it is the majority that will be wanting to buy homes. Therefore supporting my point on demand.
2. I don't agree, kids
according to the link I supplied appears to be anyone after Gen Y, by lack of any other group.
Gen Y is usually agreed to be 1980-94. Which means some of the kids group are already 24....
As I write this I feel like it is going to get into a terminology debate. Here is the link again. About half way down.
http://www.abc.net.au/news/2017-06-27/census-australia-as-100-people/8634318
There is no Gen Z, no other group displayed. So anyone after Gen Y must fall into "kids" in this particular example.
I find this an unhelpful group from the ABC, but hey, it is what it is.
Anyway, back to the point, these people will be buying houses before Gen X retire on mass. Some already are. Albeit probably not in Sydney...
My point on development was in response to your assertion that developers will continue to pump out boom time levels of dwellings. You have now agreed that this will slow down. So we agree on that one.
3. You have not established that, what so ever. And this point was not relevant to the previous discussion, just a lazy attempt to try to score a point.
Facts;
Gen Y is larger than baby boomers
Kids (after Gen Y) is more than twice the size of Gen X.
Demand side is not going to be a problem in Australia.
Affordability may be, but not demand.
Economy - yes, will provide both the good and bad.
Interest rates - of course they will have an effect - both ways.
We have had the effect of very high and very low in the past 30 odd years. No doubt this will continue for ever.
Immigration - at this point the setting is high. There is pressure to lower it but also pressure to increase highly skilled worker intake. Which of course doesn't grab media headlines in the same way, but it is a problem. Atlassian (our biggest tech company) are saying they may have to move their HQ overseas if they cannot attract the skills they need. Skilled international workers are not optional if Australia want's a bright future. IMO.
There is of course other ways to reduce immigration and I would support them if they didn't affect the above.
