In episode 14, Mark McCrindle, social researcher and demographer, and Ludwina Dautovic, talk about the future of housing in Australia and how our CBDs are changing.
ABOUT MARK MCCRINDLE
Mark McCrindle is a social researcher with an international following. He is recognised as a thought leader in tracking emerging issues and researching social trends. Having developed his reputation across two decades as an award-winning social researcher, best-selling author and social commentator, Mark has appeared across all major television networks, radio and print media, and been twice invited to speak at TEDx. He has presented thousands of keynotes and workshops in all major industries including finance, technology, health, mining, energy and education for top global brands and organisations. His advisory, communications and research company, McCrindle, count among its clients more than 100 of the largest companies and leading international brands.
"One thing that we came to appreciate during the pandemic were their household members, friends and family with whom they were living and they reprioritised their life and values as a result. Moving out of it, I think that will remain core."
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In this conversation, Mark McCrindle and Ludwina Dautovic discuss the future of housing in Australia. There have been multiple changes in our country as a result of Covid which has changed our housing landscape and the future of housing.
POPULATION GROWTH HAS REDUCED
Population growth is foundational to housing, and we’ve had a slowdown in population growth due to the pandemic. We've seen a slow down in immigration and arrivals from overseas. We’ve also seen a slowdown in birth rate in fact it’s been the slowest birth rate recorded. Considering the property market has been geared on population growth, this has caused issues. There’s also been an internal migration. Growth in regional areas and secondary capitals are growing faster and it’s creating a rebalancing of our population. But with the shift in population and more people working from home, these trends have changed.
LIFE CHANGES ARE MOVING THE HOUSING MARKET
The single person household is the fastest growing household category with both young people and the elderly. Delayed family forming, living at home phenomena, more investment over a longer period into education and career, have defined the life stages and therefore the demand for property across those age groups.
BOOMERANG GENERATION A
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