The (peak) time of our life: Ages at which Australians pass through life stages.
What is the peak year for marriage, mortgages, kids and income-earning capacity? These are important questions for the property industry and others.
There are different housing needs at each stage of the life cycle:
● a rented apartment suits an early-20s de facto relationship;
● an affordable first home is needed by a late-20s/early-30s couple;
● a suburban townhouse may suit a separated father (aged 52) wanting nearby access to kids;
● a low-maintenance sea-change property might suit a mid-60s divorcee.
The true value of a census is that it quantifies and confirms the key markets, generally well understood by the property industry.
Bernard Salt , social commentator,
Source: Except from https://apple.news/Am6Ji7z9SRkGTCFC2kMgZkQ
As a Buyers Agent, I leverage this data to accurately identify the target tenants for investment properties purchased on behalf of my clients.