PHOTO: Gen Y couple Richie Yates and Amy Argyros have just bought their first home in Carina. Picture: Peter Wallis.
GENERATION Y will drive a “decade-long boom” in demand for houses in and around Brisbane as they ditch renting in favour of the Great Australian Dream, a leading economic forecaster predicts.
Changes to the age profile of the population over the next 10 years are likely to produce a shift in the type of demand for housing as those aged 20 to 34 move on to the next stage in life, a new BIS Oxford Economics report released on Thursday reveals.
Report author Angie Zigomanis said the emerging trend would underpin demand for new housing on Brisbane’s suburban fringe and established housing in the inner city region.
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