The Silver Tsunami: How Our Aging Population is Shaping Our Economy and the Property Markets

In this episode, we dive into a topic that affects all of us eventually: getting older.

Today, we explore how Australia's aging population will shape our future and our housing markets.

Australia’s demographics are shifting, and one of the most significant trends is the rapid increase in our elderly population.

This demographic change will have profound implications on everything from housing demand to the workforce, especially in the aged-care sector.
Simon has been studying and writing extensively about how population shifts affect everything from healthcare to housing, and in our conversation today, you’ll hear his insights on how our growing elderly population is putting a strain on aged care services and the property markets.

Navigating Australia's Aging Population
From impacts on the housing market and aged care sector to the economic and social consequences, the episode covers a range of topics essential for understanding how an aging society will shape Australia's future.

● How Australia's aging population will impact the housing market and aged care sector
● The cultural reluctance to downsize and its effect on aged care facilities and retirement villages
● The need for a dramatic increase in the aged care workforce and the challenges involved
● The role of artificial intelligence and robotics in transforming aged care, especially administrative tasks and workflow streamlining
● Importance of home modifications and wearable technology in helping the elderly maintain independence
● Broader societal impacts on healthcare
● The necessity of sustained migration to support the workforce
● Economic implications of an aging society, particularly in sectors like tourism and luxury consumption
● Influence of baby boomers on market trends and the significance of the great wealth transfer for younger generations
● Importance of government policies adapting to support aged care and mental health

This episode offers a comprehensive look at the challenges and opportunities presented by an aging population. Today’s conversation provides valuable insights that can help listeners better navigate the future of aged care in Australia.

[rtc]

I chuckled when Simon says migration solves more problems than it creates. Being from Germany, I wonder if he is in denial the havoc that migration has been wreaking to his country of origin under Merkel. And Canada is absolutely going to the dumps from rampant migration.

[vivienlim]

Great topic! So for property investors, how can we invest in suitable accommodation if there are retirees who may be looking for rental accommodation or are they nonexistent?

[c.s]

Interessantes Thema, Simon und Michael. Vielen Dank. Ich werde regelmäßig zuhören.
Is this a first Michael? Thought Simon might enjoy the comment and also give you something to think about.

[luiscattenazzi]

Wonderful insights, especially regarding mental health, securing housing for old age, and the information about superannuation, which I wasn’t aware of!

[iof]

This is why I have a property investment portfolio. So I didn’t have to rely on the pension. And yet the government is doing everything to make it hard to keep. For example Victoria’s new land tax and now all the new landlord and tenant rules. I’m thinking of getting out and into shares. Is getting worse holding properties.

[AngelaC]

Thank Paul Keating for our Superannuation program

[masterbaap]

I agree that the idea of superannuation is great! But letting incompetent people manage your retirement money is scary. And if you are capable to manage it your self there are high cost involved. 😮

[michaelmallal]

I live in a 27sm studio thus can't downsize.

[michaelmallal]

Plenty of trained age care workers in Philippines. All migrants need to pass IELTS; they only need accomodation.

[andreadaniele]

Am I the only one who accidentally clicked on this and doesn’t know what the hell they are talking about