it's a buyers market as melb house prices fall, page-2

Units will hold up better because of the 'baby boomer' effect.

We are in the early stages of a big switch from home ownership to occupancy of units and apartments.

Boomers don't need their big homes on big land anymore. Its a generational switch.

The future is smaller and more compact with less maintenance and less kids.

Eventually there will be less and less people wanting to then occupy these concrete towers in inner city locations as non-mining jobs disappear from the Australian landscape.

Downsizing is on the go now. Then there will be evacuation as people realise there is no reason to sit inside a concrete box at the Docklands when they have no employment prospects in Collins St anymore.