A significant generational wealth transfer is on the horizon, with Baby Boomers, born between 1946-1964, set to pass down an estimated $72 trillion in assets over the next 20 years. This phenomenon, often referred to as the 'Great Wealth Transfer,' will see substantial amounts of money and property changing hands. In particular, Melbourne's housing market is poised for a major influx of cash from first-home buyers supported by their parents. Additionally, Melbourne families own billions of dollars in mortgage-free homes, which could significantly impact the market. In Sydney, one suburb alone is expected to witness a $2.6 billion transfer of wealth this decade.
A whopping $2.6 billion in wealth is set to be transferred from one generation to the next in one remarkable Sydney suburb this decade. https://t.co/QB3sJpGdqz
boomers have got this gerontocracy in the bag (for this cycle) it seems, but I don't know how many are gonna make it to longevity take off it falls to us, the X millennials, to create our own multi generational conspiracy, grab on to power, and become the cosmic boomers we are…
Some time between now and over the span of the next 20 years, over $72 trillion dollars worth of assets will be inherited by the next generation (aka the Great Wealth Transfer). Baby boomers, people born between 1946-1964, accounts for a majority of that wealth. It is your…
Melbourne families own billions of dollars in homes without a loan. Find out which areas have the highest value of mortgage-free property — and how their equity could shape the market > https://t.co/vCfKBABTiy https://t.co/XHrVje6yFc
Cashed-up first-home buyers bankrolled by the bank of mum and dad are poised for a major run at Melbourne’s housing market. Find out where the next wave of inherited wealth will come from > https://t.co/XpB1aKtLXL https://t.co/TTcPVbWLp6
Biden’s generation and the older boomers refuse to give up their seats and transfer their assets in their lifetimes. It’s a replay of the Victorian novels featuring a seemingly-about-to-croak aunt and various nephews and nieces competing to become her favorites and then…