Hi Jins13,
I take your point and I think I sort of agree. However, I think a smaller % of people have the drive and persistence to achieve wealth via sacrificing some things today. Those that choose to will become wealthy. However I think this will be offset by the number of born wealthy who squander their wealth as well as those in the middle who don’t have the drive/tools and hence become poorer.
My view, and if it is different to yours that’s fine, is that a smaller % of people are owning more assets and a larger % of people are slipping from middle class to renting class. I know these terms aren’t great but the point I am trying to make is that the number of renters will grow and these renters will be driven by location & price. The trade-off they will make is you can get closer to city/work/entertainment if you forgo your desired choice of accommodation.
Added to this I think more and more people desire to have more security in their accommodation in the future (eg single parents, retirees, females, etc).
This all leads me to believe more renters will be “choosing” to live in Townhouses, apartments etc in the future.
I am not a demographer, psychologist or real estate guru and these are just my views. More than happy for alternative views.
Cheers,

There may be an option if you are prepared to move it to joint names (not sure of your situation). Obviously you need to get advice but here is an idea:
If the PPOR is in your name you can sell half to your spouse. If you do this while it is still your PPOR many states allow this without any stamp duty.
Your spouse borrows the money which you can then use towards your new PPOR.
If you then each earn half the rent against a higher mortgage.
There are anti avoidance provisions, etc but it might be worth looking into.