Great Boomer Downsize set to trigger huge generational handover of family homes

6 Tappin Court, Carindale is going to auction on August 26. Almost two million Australian households have flagged plans to downsize within five years, triggering one of the largest generational property handovers in the nation’s history. The oldest members of the Baby Boomer generation turn 80 this year, bringing Australia closer to a mammoth Boomer downsize wave. Place Advisory analysis of new downsizer research shows 1.93 million households expect to move into a smaller home within five years, up 14 per cent from 2021. Almost two million Australian households have flagged plans to downsize within five years. 6 Tappin Court, Carindale is going to auction on August 26. Place Bulimba agent Tammy Dale said she was having regular conversations with owners considering leaving homes they had occupied for 20 to 30 years. “These aren’t properties that trade every few years; they’re homes where children were raised and owners stayed because the house worked for every stage of family life,” she said. “When one finally comes to market, families take notice because they may not get another opportunity in that street or estate for years.” MORE NEWS: Aussie ‘survival estate’ with cattle farm se...