I try to look ahead when investing in property, or anything else for that matter.
Ok crystal ball time...
What is a young persons greatest dream?? yes... to own their own home.
That will never change.
Most of the younger generation have parents or grandparents heading towards death over the next 15-25 years.
The population age is getting older, and there will be a higher death rate over the next 10-15 years of (older people)........ and the Australian population will actually stall for a while at that point.
As the older population die.... money filters through to the younger generation...... which will continue to feed the new homebuying and new homeloans and inevitably house prices will head north.
Also you have some of the older population selling and renting, which will also inevitably drive up rents..... which in turn will bridge the gap between the cost to buy and the cost to rent a property.
And the new genarations will be doing whatever they can to buy and investors will be providing their renatl homes while they wait.
