Aussie boomer migration predicts property hot spots

A few places in Australia are expected to attract baby boomers on a grand scale over the 14 years to 2021 based on data from the Department of Health and Ageing (DoHA) analyzed by Bernard Salt and published in The Australian.

The leading destination for boomers on the move  is Queensland’s Hervey Bay (just north of Brisbane). In this quiet beachside town the boomer population is projected to grow by 8500 over 14 years to reach 19,500 by 2021.

No other statistical local area in Australia will attract as many boomers as Hervey Bay.

Other boomer hotspots include the West’s Mandurah, which will add 7900 boomers over the 14 years to 2021, as well as the southern end of the Melbourne’s Mornington Peninsula (up 6600), New South Wales’ Tweed Heads (up 5400) and South Australia’s Victor Harbor (up 2400).

Property developers take note.