Three Takeaways.
1. World debt has doubled in the last decade. Therefore a low interest rate environment for our future.
2. Baby boomers stop paying taxes and begin receiving welfare.
Australia needs skilled migrants.
3. While the Australian dollar is around 75c from a world perspective the world is receivig a 25% off sale when looking at Australia.
We will need many more homes to accommodate a surging population.
Source: REIV Economics Forecast presenter
Tony Crabb
National Director, Research,
Cashman Wakefield