SOCIAL commentator, Bernard Salt, recently spoke at an event hosted by real estate debt investment platform AltX about the future of property in Australia.
He noted that Australia is one of the wealthiest countries per capita and the country has a long history of being obsessed with property.
Mr Salt believes the resumption of immigration to pre-pandemic levels will increase demand in the property market over the next five years.
Additionally, middle-aged millennials and retiring baby boomers are expected to drive growth in lifestyle properties outside major cities.
He also believes that over the next ten years, millennials who are reaching their forties and starting families will prompt a move out of cities and into larger homes with backyards, resulting in a change to people's properties and towns/cities.
AltX provides wholesale investors access to private real estate debt investments and has a strong track record of consistent returns and a built-in contingencies to manage market corrections and worst-case scenarios.
