I guess the reciprocal effect will be increased supply of larger baby boomer family houses for sale in the cities and country centres....more supply will equate to a lesser sale price giving retirees less cash to repurchase on the coast...They will probably downsize anyhow.
lending is down 20% on last year so the baby boomers allready have a decreased potential of selling their homes at 2010 prices.
I think this is already reflecting in the diving property prices on the Goldie and the Sunshine coast.
Happy to be wrong as I own property on the coast...
- Forums
- Property
- sea change only just starting
sea change only just starting, page-14
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)