Gen Y the new boomers for housing market, says BIS
Written on the 2 August 2018 by Nick Nichols
Generation Y may have been Generation Boom for the apartment market over the past 15 years, but according to new research they're more likely to be leading a house-and-land surge over the next decade.
BIS forecasts that this trend could leave the current investor-style apartment out in the cold, particularly as the upcoming Gen Z demographic is the same size as Gen Y. This means that population growth for 20 to 34-year-olds, which is traditionally the renter market, will slow considerably over the next decade.
Author: Nick Nichols