Subject: The marriage & divorce slide And what it really means for housing demand

⚡️ Highlights:

1. Marriage rates in Australia are on a long-term decline, with fewer people marrying and those who do marrying later in life, shifting the demand for family-sized dwellings a decade later.

2. Divorce rates are also falling, which, combined with lower marriage rates, results in fewer household starts and splits, slowing demand growth in the housing market.

3. These shifts in marriage and divorce trends lead to smaller household sizes becoming permanent, a lengthening of the rental phase, and a shift in demand for family housing to later in life, potentially shrinking in absolute terms.

4. The future of the housing market will see stronger demand for smaller, smarter dwellings, continued pressure on the rental market, detached homes relying more on migrants and second-generation families, and a shift towards buying family homes at an older age.

5. Australia's population is still growing, but household formation is not keeping pace, with marriage and divorce trends quietly reshaping the housing landscape and delaying the traditional Australian Dream of homeownership.

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