PHOTO: As Gen Y start families, medium-density dwellings are tipped to be in demand over high-rise apartments – ABC News: Simon Leo Brown
The tiny inner-city apartments built during the boom of the past decade are unlikely to meet the needs of Generation Y as they grow older.
Changing demographics over the next 10 years are tipped to drive demand for smaller dwellings — but not that small, according to BIS Oxford Economics.
The economic forecaster has crunched the population numbers and concluded that rapid growth in the 20-to-34-year-old age bracket over the past 15 years will see Generation Y, or millennials, shape the residential property market over the next decade.
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