Interesting reading in this month's API mag (July) by Bernard Salt, KPMG demographer. In a nutshell, his view is that after 2020 it will be a bleak time for Australian investors, as baby boomers die off. His belief is that it's best to make your money over the next 15 yrs but ensure you get to higher ground before the sluggishness of the 2020's. He also adds that one of the leading indicators of a recovery in the property market is increasing interstate migration, which is already happening in NSW. Underlying demographic trends such as this serve to push in the direction of the next boom, which he forecasts for the end of this decade. Bernard Salt has always had unique views on forecasts, and this article is definitely worth a read.