The Best Time to Buy a First Home

William asks: Is this the best chance in a decade to get into the housing market or the worst? Peter says he's more on the side of I think it's going to come off a bit more with rates going up and employment going up. In 20 years Australia's population will be 36 million, so we'll need 700,000 to a million immigrants a year. That's two new cities the size of Canberra every year. How do we help our grandchildren grow up like we did in a house rather than a unit with a backyard, a pool or maybe a tennis court? Or are you too young to remember how it was? Please also do the sums for a hundred years time.