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🏠 Sellers Will Flood the Housing Market – Just as Boomers hit 60

New research from Westpac indicates that an increasing number of people are planning to sell their homes to reap profits and with an eye to downsize.

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New research from Westpac indicates that an increasing number of people are planning to sell their homes to reap profits and with an eye to downsize. Coincidently just around the time when the last of the Boomer hit sixty, does this mean we will see a flood of housing on the market within the next five years and what impact could that have on property prices?

References

Going, going, gone! Westpac research reveals more homeowners are planning to sell a property

https://www.westpac.com.au/about-westpac/media/media-releases/2021/27-june/