A funny graph for your Friday morning….
I know that I’m supposed to be talking about my readily impugned dignity and/or vagina, but actually at the moment I spent most of my days reading about the relationship between wages, price signals, inflation rates and the RBA and housing. Specifically, Australia has been experiencing wage decline for quite some time. This has implications.
I’m realising there’s a lot of wobbly data out there, but I found one frequently repeated stat;
– Australians owning at least one investment property;
22% of GenY (age 18-34)
20% of GenX (age 35-49)
19% of Baby Boomers (age 50- ~ 170)
Thought that was interesting.
Investment property comprises about 16% of the residential property market.
More to come I suspect……