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

Reed, Richard and Conisbee, Nerida 2005, Identifying linkages between generations and community development: the effect on residential and retail property, in PRRES 2005 : Proceedings of the 11th Annual Conference of the Pacific Rim Real Estate Society, Pacific Rim Real Estate Society, Adelaide, S. Aust., pp. 1-17.

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Title Identifying linkages between generations and community development: the effect on residential and retail property
Author(s) Reed, Richard
Conisbee, Nerida
Conference name Pacific Rim Real Estate Society. Conference (11th: 2005: Melbourne, Victoria)
Conference location Melbourne, Victoria
Conference dates 23-27 January 2005
Title of proceedings PRRES 2005 : Proceedings of the 11th Annual Conference of the Pacific Rim Real Estate Society
Editor(s) [Unknown]
Publication date 2005
Conference series Pacific Rim Real Estate Society Conference
Start page 1
End page 17
Publisher Pacific Rim Real Estate Society
Place of publication Adelaide, S. Aust.
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 provide 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 shift 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 a range 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.
Language eng
Field of Research 120503 Housing Markets, Development, Management
160305 Population Trends and Policies
Socio Economic Objective 970116 Expanding Knowledge through Studies of Human Society
HERDC Research category E1.1 Full written paper - refereed
Copyright notice ©2005, PRRES
Persistent URL http://hdl.handle.net/10536/DRO/DU:30022343

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