As property investors, it’s always wise to consider the types of properties that people will want to ‘call home’ in the future.
Keeping up to date with future trends is an important aspect of investing.
After all, we need to understand the types of properties that are relevant to the tenants of today as well as in 20 years’ time.
Mark McCrindle, respected Australian demographer, recently released a report called “The Future of Housing in Australia” which highlights the housing needs of Australians in 2041.
“The future of housing in Australia will be shaped by today’s children and teenagers, Generation Alpha and Generation Z. These generations will both be in their family forming years in 2041, raising Generation Beta in smart homes.
By 2025 Smart homes are expected to grow to one in four homes, up to one in two homes by statistica.”
What this means is that the technology that is coming to the fore will be prevalent and actually favoured by home owners in 2041 and most likely beyond. Living in ‘Smart homes’ will become highly desirable as the generations build technology into every aspect of their lives.
What does this mean for property investors?
No doubt we will be investing in homes that are either purpose built “Smart homes” or can be easily converted into Smart homes in the future.
Regardless of the technological features of the Smart homes of the future the core purpose of homes will be safe places where families can gather, eat, sleep and connect with each other.
That’s exactly why we invest in property.