What boomers want

If you have a subdividable property in an established area, consider redeveloping it to suit the desires of cashed-up baby boomers.

Aged 50 to 74, this group represents a projected 24% of total new housing demand in the next decade, says respected property analyst Michael Matusik. And their top want is smaller dwellings located in their current neighbourhood.

Their preference is for low-maintenance, high-quality, well-finished homes that represent value for money. “The usual rule of thumb is that they need at least a 20% ‘jingle’ in their pocket between the sale of their existing home and the price of their downsized abode,” says Matusik.

Also many downsizers are looking for a home capable of taking in a tenant to provide additional income, plus someone to look after it while they travel.