Baby Boomer

 

PHOTO: CHRIS GORMAN/STUFF At the 2013 census, there were 536,475 people aged between 50 and 64 who said they owned or partly owned their homes.

Hundreds of thousands of homes will change hands over the next two decades as Baby Boomers’ properties are passed on to younger generations.

The proportion of older homeowners has been gradually increasing over time, from 15.8per cent of homeowners in 2001 to 16.8 per cent in 2013.

At the 2013 census, there were 536,475 people aged between 50 and 64 who said they owned or partly owned their homes.

At a rate of two people per household, that would mean 268,200 houses that might be sold or left to estates over the next 20 or 30 years.

READ MORE VIA STUFF