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clock Created with Sketch. 03/01/15
15:36
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Originally posted by malaga
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Thirty nine degrees today in Perth and cricket is boring, got me thinking of story in weekend paper. Woman bought house in Floreat in 1952 for 300 pounds, sold recently for $1.19 m. Cheers all, round, great story except for the last line which stated she has now bought a one bedroom unit to live in for $600,000. Sixty two years to make money and then half it goes on a crap unit to live in.
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Hundreds of thousands of Baby Boomers will retire and seek a Sea/Tree change in the next 10-20 years. So smaller, well located property in key locations will definitely be in high demand. It will be interesting to see, however, whether or not the Baby Boomers will sell or keep their stately mansions? Obviously their offspring will be hoping that it is the latter
