Tuesday, March 5, 2013

Has Confidence returned to the Australian Property Market ? - 11

Has Confidence returned to the Australian Property Market ? - 11

In order to determine whether we should be Confident
about the Australian Property Market,
we need to urgently answer the following 2 Questions -

1 - What proportion of the Australian Population will be Retirees
      in 2020 ?

2 - What proportion of the Australian Population will be Retirees
      in 2030 ?

The answers to these vital questions are almost never discussed
by Property Commentators ! Why ?

By raising these Questions I am not being pessimistic about Property,
but rather Realistic,
with a Strategic Purpose .

In most cases the only time Retirees Buy Property
is when they are Down-sizing.

If we were to go to a Doctor with a pain in our stomach,
and the Doctor was to then say,
" I have absolute Confidence that your body has overcome this Problem",
without giving any prescription, or advice, or cure for the ailment,
What would you say ?

There is no point in us announcing that,
"Confidence has returned to Property ",
unless we have a Prescribed Cure for the Problem !

The Problem is the Baby Boomer Retirement Tidal Wave.


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