I think for those that can afford to move they will be looking to downsize. Most will not want to keep the family home once the kids have flown the nest and will probably be looking for a more secure environment near plenty of amenities.

My bet is on a growing demand for luxury units for our wealthier boomers, which have increased security (door codes etc), cable built in (for those boomers that are techies!!) on site gyms and a sense of community.
I agree its not for everyone but who wants to be mowing a lawn or climbing stairs when you reach 70? People want and pay for convenience particularly as they get older![biggrin]

James

Hi,

I am new to developing too and just tried Michael Yardney. Very helpful company but it appears they only help out those in Melbourne. Does anyone know of a comapny that can assist a Sydneysider (actually a pom originally!) with providing advice on developing a couple of townhouses?

Thanks[suave2]

Hi,

Agree with G7 in regards to buy / hold or sell. No one can really tell. The Perth market does appear to have some steam left in it given the booming mining economy over here.Personally I am looking to the end of the commodities boom before the Perth market slows (current estimates are this may go on until 2008 having started its cycle in late 1998). Also you have a some investment flow from the eastern states and a growing population along the northern shores. However if Int rates move to that 8% then we may all be in trouble!!

Hope this helps

Hi

My three would be:

1) Best place to source finance once all your capital is used up.
2) Some practical advice (maybe from someone who is already in the same position)to those of us who actually enjoy our jobs (and don’t wish to quit!) but who are time poor and would like to invest in multiple properties.
3) What you feel about property markets outside of Oz and NZ.

Thanks a lot

James Wincott