A recent report has outlined the need for more than 9 million new homes across Australia by 2040, as the population is expected to increase by a huge 16 million. The Intergenerational Report released by the Australian Treasury has highlighted these figures, which could offer investors looking into Bentleigh real estate the opportunity to make moves into the market.
Master Builders Australia chief executive officer Wilhelm Harnisch said that one of the main challenges facing the nation was ensuring affordability was retained for intergenerational needs, allowing for home ownership to be a goal for future generations.
"The report also highlights that more brownfield sites will be essential to meet increased demand for multi-density housing, particularly as baby-boomers seek to increasingly 'right size' in response to their changing lifestyles," said Mr Harnisch in a 5 March statement.
With this in mind, now could be a great time to consider getting in touch with Matt Hurlston at Ray White Carnegie to begin discussing the investment possibilities in Bentleigh. His knowledge and expertise could be immeasurably helpful in making the right decisions for your portfolio's development.
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