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Will Baby Boomers Affect the Property Market

RealestateVIEW recently conducted a study of how baby boomers think about the property market.  Only 34.4% of baby boomers think they can afford to stay in their own home.  This will result in many larger houses coming onto the market and smaller houses / town houses and units being bought quicker, thereby increasing the prices in the lower range.

The reasons given by baby boomers to move from their family home include:

  • Reduce the cost of house upkeep
  • Feel they’re not capable of continuing the house upkeep and gardens
  • Want to hold onto their savings instead of spending it on their home
  • Want to move closer to family, transport or better facilities
  • Want a sea or tree change
  • Want more time rather than spending it on the house.

In fact 69.7 % of baby boomers own the home they live in and the majority quote that they will be living off superannuation through their retirement and want to increase what they have in super by selling a family or existing home. 

If prices of smaller housing and units continue to rise – this will see some retirees putting their funds into children’s houses or properties as long they also get a granny flat or separate residence on the property. 

Review the property overview and report

ABIS building and pest inspections are conducted to the highest standard by building inspectors with a minimum of 10 years experience together with the highest professional qualifications in their field. ABIS has been in business over 27 years conducting both building and timber pest inspections.

Our highly recommended home inspectors are all long term trusted employees not here today gone tomorrow sub-contractors. ABIS Inspectors are supported by a unique computer aided inspection system and the latest inspection equipment such as high sensitivity thermal cameras costing thousands of dollars that others don’t often have.

When you book a pre-purchase inspection with ABIS, our friendly local (they know the area and are not in a interstate or overseas call centre) staff will make the whole process easy for you. Our Office team make all the arrangements with you, your agent, the vendor, the tenant (if there is one) and you will be sent an email to confirm the inspection time along with a pre-engagement letter which covers the scope of the inspection. Good communication and local knowledge are key to you getting the most out of your building and pest inspection. We are always happy to answer all your questions and you are most welcome to be on site when we do the inspection. Our technology, systems and processes also mean you get your high quality report shortly after your inspection is completed.

And all this for an incredible low price.

Service Areas

Area Map The Peninsula Moreton Bay Area East Brisbane Redland Bay Area Gold Coast Ipswich Brisbane West Brisbane Northside Brisbane Southside Logan City

ABIS The 1st Choice in Building & Pest Inspections