After a decade of price boom and busts, Australia’s property market will see big changes in the 2020s.
Property prices are likely to rise at a slower pace than they have in previous decades, mainly because interest rates cannot fall much further. Major demographic trends will be a driving force. Australia’s big cities will continue to grow and so will large regional towns. Public transport will become more important as congestion gets worse. Renters will become a more powerful political voice.
This article predicts the major trends that will shape the Australian property market in the 2020s. Read more here.