Summary: Many middle aged people are building larger residences, as the home is a tax-free investment. But planned changes to pension taper arrangements mean many Australians will reduce their assets and stay in larger houses, while their children struggle to afford to buy a property. We will see a change in the way families are organised, with children staying home longer and their partners moving in.
Key take-out: What we are looking at is a greater intensity of lifestyle in middle class Australia, which is already developing in lower income areas.
Key beneficiaries: General investors Category: Retirement.