Baby Boomers Are Sitting on Property Goldmines – But Refusing to Cash In
Have you ever wondered why more Baby Boomers aren’t downsizing, even though many are now living in homes that are bigger than they need? Simon Kuestenmacher and I discuss this important demographic trend that affects housing affordability, intergenerational wealth, and how our cities will evolve. So whether you're a policymaker, a property investor, or a Millennial waiting for the Boomer next door to sell, you won’t want to miss this show. Takeaways · The narrative of downsizing among baby boomers is often exaggerated. · Emotional attachments to family homes play a significant role in the decision to downsize. · Many baby boomers prefer to age in place rather than move to smaller homes. · Financial disincentives, such as stamp duty, discourage downsizing. · The lack of suitable housing stock for downsizers is a major barrier. · Governments need to create incentives to encourage downsizing. · Baby boomers are asset-rich but cautious about moving. · Millennials are missing out on family homes due to baby boomers not downsizing. · Local councils often block developments that could provide suitable housing for downsizers. · Downsizing is not just about space; it's about lifestyle and community. Chapters 00:00 Introduction to Downsizing Trends 01:14 The Reality of Downsizing for Baby Boomers 03:53 Emotional Attachments and Decision-Making 09:19 Financial Disincentives in Downsizing 13:13 Barriers to Development and Housing Stock 15:35 Wealth Distribution and Baby Boomers 18:09 Consequences of Not Downsizing 21:51 Government Policies and Housing Market 24:37 Personal Considerations for Downsizing Links and Resources: About Simon Kuestenmacher Simon Kuestenmacher is co-founder and Director – The Demographics Group https://www.simonkuestenmacher.com/ https://www.tdgp.com.au/ Simon is a prolific media commentator on demographic and data matters and a columnist for The New Daily and The Australian newspapers. He ranks as one of the world’s Top 10 influencers in data visualisation. If you can’t get enough of the kind of data that explains how the world works, make sure to follow Simon on Linked In or X (formerly Twitter) or any of his other social channels. https://www.linkedin.com/in/simonkuestenmacher/ https://x.com/simongerman600?lang=en Click here for a media enquiry or if you would like to book Simon Kuestenmacher for a speaking engagement. His presentations and quirky observations are enjoyed by audiences from the financial services, property, government, education, technology, retail and professional services industries, among others. https://www.tdgp.com.au/enquire About Michael Yardney Michael Yardney- founder Metropole Property Strategists has been voted one of Australia’s 50 most influential Thought Leaders. https://michaelyardney.com/ https://metropole.com.au/ While he is best known as a property expert, Michael is also Australia’s leading expert in the psychology of success and wealth creation. Michael is a #1 best selling author of 9 books and frequently challenges traditional finance advice with innovative ideas on property investment, personal finance and wealth creation. Follow Michael on Linked In or Instagram https://www.linkedin.com/in/michaelyardney/ https://www.instagram.com/michaelyardney/ Are you interested in property investment - let the team at Metropole build you a Strategic Property Plan to help give you clarity, direction and wealth-producing results. https://investor.metropole.com.au/strategic-property-plan/