Boomer urban flight to pump up regional house prices

Adam Smith 13 July 2016

retirement savingsBaby Boomers may be set to flee the cities, and regional property markets could profit.

A new forecast from Propertyology has claimed Baby Boomers heading toward retirement could head toward more affordable sea- or tree-change markets. The report flagged 40 regional markets it said were set to benefit from Boomers’ urban flight.

The report claimed Boomers would be looking for more affordable markets due to a shortfall in their superannuation.

“Baby boomers didn't have their employer contributing towards superannuation until the back end of their working years. So, one way or another, around 90 per cent of this generation will have some reliance on a government-funded pension," Propertyology market analyst Simon Pressley said.

Pressley said “tens, and possibly hundreds of thousands” of Boomers could retire to regional areas. He argued that the property markets in these regional areas could see a major windfall.

Regional markets on the move

NSW

Wagga Wagga

Orange

Tamworth

Dubbo

Bathurst

Armidale

Coffs Harbour

Port Macquarie

Maitland

Newcastle

Gosford

Wollongong

Queensland

Cairns

Townsville

Mackay

Rockhampton

Gladstone

Bundaberg

Hervey Bay

Sunshine Coast

Gold Coast

Toowoomba

Victoria

Geelong

Albury

Bendigo

Ballarat

Shepparton

Mildura

Western Australia

Albany

Bunbury

Busselton

Geraldton

South Australia

Port Lincoln

Mount Gambier

Northern Territory

Alice Springs

Katherine

Tasmania

Devonport

Launceston

Burnie

“When Australia’s baby boomer population equates to 4.45 million people, even if only a small portion did relocate, it will create significant extra demand for housing in the regions," Pressley said.

Pressley said the areas likely to be in demand share similar characteristics.

“Whether coastal or rural, we believe that the regional cities that will be in highest demand by baby-boomer re-locators will offer a combination of quality lifestyle, good health care, and availability of freestanding houses for less than $400,000.”

More great ideas from finder.com.au

Get a life insurance quote
Get a life insurance quote

Find out what it costs to protect yourself and your family

More info...
Refinancing home loans
Refinancing home loans

Choose from offers with rates as low as 3.39% p.a.

More info...
Google Pixel
Google Pixel

Compare plans for Google's flagship Android phone

More info...
Christmas ideas
Christmas ideas

Visit our Christmas homepage for gift ideas, markets, travel & deals

More info...

Ask a Question

You are about to post a question on finder.com.au

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Disclaimer: At finder.com.au we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the finder.com.au privacy policy, receive follow up emails related to finder.com.au and to create a user account where further replies to your questions will be sent.

Ask a question
feedback