property for nickoo, page-15

Nickoo,

1)
The trans-generational wealth transfer effect (started in the late 90s and will continue for the next 15+ years).

2)
The superannuation /savings effort of most ordinary Australians.

3)
The impact of the family home being tax free (albeit, at the risk of over-capitalisation).

4)
Growing AWE and beyond. With AWE now approaching $40+k per annum (~$38k ex-Sydney), and average housing prices (ex-Sydney) still being in the mid to high 200s, housing affordability (ex-Sydney) is still well placed relatively speaking to what it was 20 -30 years ago.

5)
The growing professionalism (ie: highly skilled) structure of the Australian population (relative, for instance, to even 10 years ago).

6)
A growing population whose annual growth rate at 1.1 -1.2% is just under the global annual growth rate. In FY02, the Australian population grew by 222k to 19.7m. That puts the population on track to exceed 20m before year's end (ie: by August /September). By 2015, the Australian population will be closer to 22.7m (even based on maintaining a 1.1% growth rate). On current trends, the population will exceed 32m by 2051 (whereas most population studies dating back to the mid-90s were predicting a 2050 population of 24m).

7)
A growing immigration programme which, by 2005, will be approximating 130 -150k net annual intake. Of those participating in the programme, many will be either professionally qualified, highly skilled, or with a high relative net worth.

8)
Further polarisation of the population along the eastern seaboard corridor, with Sydney, southern Queensland and Melbourne, the primary beneficiaries.

Just a few of the reasons.