Eamon Lowe - Interesting Australian Real Estate Facts 2021
Did you know that there are as many as 10.6 million houses in Australia having a total value of $8.1 trillion? That’s thrice the value of all the stocks listed on the Australian stock exchange.
Eamon Lowe has a lot more in his repository of facts and statistics about the real estate scene in Australia. To give you a peek into the insights he has, here we mention some of the facts:
The population of Australia has doubled in the last five decades.
It was forecasted that the country’s population will grow to 30 million people by 2030. But due to the present worldwide crisis, Australia’s borders have been closed.
So, this estimate would probably fall short by one million people.
The country is the most generationally diverse it has ever been
More Australians have been born after 1980 than before it.
Thus, Gen Y (born from 1980-1994), Gen Z (born between 1995-2009) and Gen Alpha (born after 2010) consist of over 50 % of Australia’s population.
As per research by Eamon Lowe, Gen Z & Gen Y comprise the most part of the workforce. For the first time, the two generations outnumber Baby Boomers & Gen X.
The two facts stated above must’ve given you an idea of the in-depth market knowledge that Eamon Lowe has. After all, understanding demographic changes are crucial before making any property investment decisions. Reach out to Eamon Lowe for expert guidance regarding the real estate market in Australia.
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