26.10.2011 - Grey cloud gathers over housing market
The future of Australia's property outlook may not be black, white or rosy - but grey. The retirement of the baby boomer generation over coming decades will be a major influence on prices. About a quarter of the population falls into this age group - defined by the Australian Bureau of Statistics to be those born between 1946 and 1965 - and many have already retired or planning to do so. The impact of this demographic bulge on the economy is already being felt. According to the ABS, household income typically peaks between the ages of 45 and 54, before dropping sharply...............................................Full Article: Source
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