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housing preferences

Shift in housing preferences

Shift in housing preferences: Embracing smaller, more manageable homes

In recent years, a discernible shift in housing preferences has emerged, driven by evolving lifestyle choices and changing demographic trends. As household sizes decrease, there’s a noticeable inclination towards smaller, more manageable homes. As we’ve noted before, this shift signifies a departure from the traditional notion of spacious dwellings towards a preference for properties that offer practicality, efficiency, and convenience.  Embracing Efficiency and Functionality One of the primary drivers behind the growing preference for smaller homes is the desire for greater efficiency and functionality. With shrinking household sizes, individuals and families are prioritizing properties that require less maintenance and offer […]

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Apartment living

More long term apartment living: A shift in Australian housing trends

The landscape of Australian housing is undergoing a significant transformation, with a notable increase in the number of individuals opting for long-term apartment living. This trend is propelled by various factors, most notably Australia’s shrinking family size (and that topic gets its very own separate blog) and also the widening gap between house and unit prices, prompting buyers to seek affordability and convenience in urban settings. According to Domain the disparity in prices between houses and units has reached unprecedented levels. They highlight that this phenomenon reflects a distortion within the housing market, indicating either overvaluation of houses or undervaluation

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Adapting to changing household dynamics

Property investor asset selection: adapting to changing household dynamics

The landscape of real estate investment is continually evolving, shaped by various factors including economic conditions, market trends, and demographic shifts. One crucial aspect that investors must consider is the changing dynamics of household sizes and its impact on asset selection. As household sizes decrease, there’s a noticeable shift in preferences towards properties that cater to smaller households or offer flexibility in usage. This shift underscores the importance of understanding future demand trends influenced by household sizes to make informed property investment decisions. Don’t assume that 4 beds 2 baths is the way to go Catering to Smaller Households With

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Australia's shrinking family size

Australia’s Shrinking Family Size – How does it affect the property market?

The dynamics of household size in Australia are undergoing a significant transformation, with profound implications for the country’s property market. As households shrink, there’s a notable shift in housing demand, buyer preferences, and investment opportunities. The average Australian household size reduced by two people between 1910 and 2021. Australia’s family size is shrinking due to several factors: Increasing Number of People Living Alone: There has been a rise in the number of individuals choosing to live alone, which contributes to smaller household sizes. Economic Pressures: The high cost of raising children is prompting Australians to have fewer children or opt

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