“We call them sponge towns… they just soak up old people from the nearby areas. Therefore, the nearby areas shrink even faster… it’s a very negative downward spiral.”
Property Investment & Wealth Creation Australia | The Michael Yardney Podcast · The Great Australian Property Shuffle: Where Future Demand Is Heading | Simon Kuestenmacher
Play from 14:52
14:52
Audio streams from the publisher’s own feed. Verbatim does not host or copy it.
What was described
identified “sponge towns” as a risk factor for investors
Said nearby on the same subject
“Our core strategy is to help clients identify and quantify these risks in the early stages, as we believe it positions our clients to best manage these risks now and certainly in the future.”
“Performing a casual workforce exposure audit, ... categorizing your casual workforce into risk tiers, and identifying the cohort of casuals that are higher risk.”