Australian Coastal Property Market "On Steroids"

Posted on May 2, 2007 by | 0 Comments

An EzineArticle by Steve Houlihan.

A newly-released report on the property market along the coastal areas of Australia shows that, despite a relatively subdued market nationally, the coastal strip is surging ahead. The report was prepared for the Australian National Sea Change Taskforce, whose role is to provide national leadership in addressing the impact of the ‘sea change’ phenomenon and to provide support and guidance to coastal councils attempting to manage the impact of rapid growth.

The keys to this “sea change” are the baby-boomers – cashed up, footloose, and looking forward to a long retirement in desirable coastal locales. While older boomers are already retiring to the seaside, many of the younger ones are getting in early, buying their “little piece of paradise” now to ensure they aren’t priced out of the market when they retire over the next decade or so.

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