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Identifying linkages between generations and the property market : the effect on residential and retail property

Reed, Richard and Consibee, Nerida 2006, Identifying linkages between generations and the property market : the effect on residential and retail property, Australian property journal, vol. 39, no. 1, pp. 32-41.

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Title Identifying linkages between generations and the property market : the effect on residential and retail property
Author(s) Reed, Richard
Consibee, Nerida
Journal name Australian property journal
Volume number 39
Issue number 1
Start page 32
End page 41
Publisher Australian Property Institute
Place of publication Deakin, A.C.T.
Publication date 2006-03
ISSN 1441-4929
Summary In the analysis of property markets, especially the retail and residential sectors, increasing importance is being given to the role of demography. The impact of economic influences such as interest rate movements, inflation and changes in the labour market are well documented and although these variables are clearly important. they do not incorporate the changing characteristics of the local inhabitants who actually generate the demand. However, demography can provide an invaluable insight into retail and residential property trends, especially over the long term, and are assisted by reliable population datasets with a relatively high level of detail. For example, the emergence of the 'baby boom' generation and the trend towards geographical relocation had a substantial effect on demand for retail and housing products, although little consideration has been given to the effect from the subsequent cohorts, namely generations X,Y and Z. This paper examines the role of demography when researching property markets, with the focus placed on demographic shifts. It discusses trends in arange of demographic variables that have been observed in society. In addition, it highlights linkages with property markets, especially residential and retail property, and draws inferences for long term trends.The study concludes that when conducting research into property markets. it is essential to have a thorough understanding of various demographic variables to predict how they affect demand. An appreciation of the drivers behind generations will assist property researchers to identify future needs, and the subsequent effect this will have on community development involving retail and residential property.
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Language eng
Field of Research 150403 Real Estate and Valuation Services
Socio Economic Objective 970115 Expanding Knowledge in Commerce, Management, Tourism and Services
HERDC Research category C1.1 Refereed article in a scholarly journal
Copyright notice ©2006, Australian Property Institute
Persistent URL http://hdl.handle.net/10536/DRO/DU:30022043

Document type: Journal Article
Collections: School of Architecture and Built Environment
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Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au.