Shrinking households present shifting investment opportunities
Australia's shrinking household sizes will have profound effects on the property market, bringing with it a shift in investment emphasis.
The total number of households in Australia is steadily increasing, bringing with it an evolving real estate landscape. (Image source: Shutterstock.com)
Australian households are shrinking, and this provides a significant opportunity for all of us, but perhaps older Australians in particular.
Between 2016 and 2021 the number of people in each Australian household dropped from 2.6 people to 2.5 people.
Not a big change, you might say, but in reality it is. If the Australian population didn’t change at all we would need another 70,000 houses just to adjust for this 0.1 people change.
The total n…
