I recently read an article published by the Harvard Genetist David Sinclair, confirming that in our time of life can increase life expectancy at 150 and the aging process can be reversed. Economist Christopher Joye also wrote that it will revolutionize our economy … and he is right …
The Government is currently working on population growth and how it will form the formulation of infrastructure, job creation, and ultimately the demand for housing within our main centers.
According to the current mortality rate; A person born in 1978 will take about 73 years, but those born in 2016 have a life expectancy of the longest 14 percent that will means that they live for an average of 10 additional years.
The problem (as shown in a recent article published by Chris Joye) is that historical death data does not represent advances in contemporary medical advances that are likely to introduce the average life expectancy (which has historically moved in a linear line in Overdrive. And May see 10-20 percent higher life expectancy in our lives.
It can and will have a great influence on the economy and property markets if we even live for an additional 15 years. Eventually, there will be fewer people who have died and therefore a much larger offer, along with a great long-term benefit of the economy, with more people who work longer, pay taxes, and the construction of their retirement position a much larger level.
As Chris Joye sat, looking at it in a different way, “Sydney’s current population sits at about 5 million people. Within 43 years it is projected that it jumps up to 8.5 million people in the base ABS case. If we add an increase in the highest annual life of 0.5 years, we talk about 9.7 million inhabitants (double the current population of Sydney).
So, the rich will become richer? Your commitment! But there is definitely a good opportunity for new investors to travel in this wave of population growth, economic growth, and demand for generation housing.
In addition, for real estate investors, it is another strong incentive to strengthen the prolonged-expression of the property, is a time in the market as a temporary market.
There is always a solid argument to buy within the growth markets and ensure the assets that can be allowed in the long term (to administer their cash flow). However, you cannot ignore the implications that a longer-living population will mean for our real estate market and we will definitely see tremendous opportunities for a new generation of real estate investors willing to buy and maintain the long-term benefits of a population to obtain. Potentially under long-term boom within one of the most popular and habitable countries in the world.
