Future Trends Impacting Real Estate Harvesting in the Worlds of the Gen X DotComs & Ferals Annimac Futurist Trend Forecaster REIWA Property Management Chapter Convention 2007 Busselton Western Australia 28 th April 2007

2 Rate of Change - exponential Amount of change now in 1 day grandparents had in 1 year Younger means faster Generational gap widening

28th April I’m never having kids. I hear they take nine months to download.

28th April Three Global Challenges Climate change Peak Oil People change

28th April Three Global Challenges Climate change  Global warming impacting now  Aus second most arid continent  WA climate highly vulnerable tropics moving south, desert moving west changing rainfall & temp 2° temp rise = 1 metre ocean rise

28th April Three Global Challenges Peak Oil  The Big Rollover : Demand > Supply  In 2005 O&G industry : happen in 2007 – 2012  Feb 2007 : industry says Now !

28th April OIL BUYERS MARKET The Peak of World Oil Production CHEAP & EASY-TO- EXTRACT OIL US North Sea Forecast oil production Past oil production We are here Previous Rollovers SELLERS MARKET EXPENSIVE & HARD-TO-EXTRACT OIL Annual Oil Production Gbbl

28th April Three Global Challenges People Change  Product driven world shrinking  Value driven world expanding  Consumers demand excellence  Consumer Profiles rapidly changing

28th April How Values shape markets Values determine what people value and find valuable What people value and find valuable they will want more of What they want more of will determine what they seek in markets What is sought in markets will shape emerging innovations, products, services and technologies Peter Ellyard Preferred Futures 2007

28th April By % of job types then do not exist now Technology Driving all Change

28th April because 80 % of technology then is not imagined yet Driving Change : By 2020

28th April Japanese Robanoid 2006 Future Receptionist ? Display home hostess ?

28th April Imagine what some of those jobs might be …..

28th April Likely jobs in next 15 years : Director of Emerging Thought Chief Zookeeper - of people Biotech Homes Consultant Home Mood Enhancement Coach Nano Technology Info Officer Chief Imagination Advisor Hacker Relations Manager Holographic Display Modeller Online Client Life Consultant

28th April Look at Generational differences Gen gap always existed but Gen gap is fast

28th April Parallel Universes Kids live them.

28th April Gen differences impacting : Consumers Service providers Product providers Product innovators R & D executives

28th April Ask What does gap mean for Real Estate Right now Into the future For own organisation - staff For industry For government For community

28th April

28th April Generations Baby Boomers 1945 – 60 age 45 – 60 Generation X 1960 – DotComs 1975 – Ferals 1990 – now to 15 annimac Generation X 1960 – – 45 Generation Y 1980 – now to 25 wikipedia

28th April Baby Boomers $100 for speeding $250 for misleading the public

28th April Baby Boomers Downsizing lives Empty nesters Retired or part time work Male identity from job Questioning material status

28th April Boomers Care

28th April Baby Boomers : Sense of community Seek new safe experiences Security & Health conscious Defer to authority Love / hate change

28th April Boomers & technology That’s the phone, dear, Here, try the remote That’s the phone dear. Here try the remote.

28th April Impact for Real Estate Baby Boomers  Winding down : leisure indulgence  Risk averse  Respect rank  Steady relationships  Need  relationship continuity  familiar experiences  positive group identity  structural reliability  greening options

28th April So Are Boomers driving change No Yes Maybe What do you think ? …

28th April Generations Baby Boomers 1945 – 60 age 45 – 60 Generation X 1960 – DotComs 1975 – Ferals 1990 – now to 15 annimac Generation X 1960 – – 45 Generation Y 1980 – now to 25 wikipedia

28th April Gen Xers

28th April Generation Xers Single Childless Net Dating Varied lifestyles Varied workstyles SOHO

28th April Gen X Lifestyle Dog

28th April Generation Xers Risk takers Personal journey Fast decisions Materialism assumed Environmental values Defer to heroes Expect & accept change

28th April Impact for Real Estate Gen X  Fast action Now  Short term pitch - staged pitch  Results oriented  Need  choices immediacy  short term involvement  complete – stand alone  skills oriented  demand quality of experience

28th April So Are GenXers driving change ? No Yes Maybe

28th April Generations Baby Boomers 1945 – 60 age 45 – 60 Generation X 1960 – DotComs 1975 – Ferals 1990 – now to 15 annimac Generation X 1960 – – 45 Generation Y 1980 – now to 25 wikipedia

28th April DotComs

28th April DotComs 15 – 30 ( Gen Y)  Own path Immediacy  Temporary pairing  Group socialising  Internet relationships  Wired  No home  No single careers

28th April DotComs Relationships

28th April DotComs I.d. from activity Multi channeled Multi actions Planetary group mission Temporary deference - usefulness Need change Cluetrain Manifesto

28th April Impact for Real Estate DotComs  Passionate – value driven  Team + personal relationships  Short term fast involvement  Multi channel activities  Need  choices no spin  very short term  flexibility innovation  real positive outcomes

28th April So Are DotComs driving change ? No Yes Maybe

28th April Generations Baby Boomers 1945 – 60 age 45 – 60 Generation X 1960 – DotComs 1975 – Ferals 1990 – now to 15 annimac Generation X 1960 – – 45 Generation Y 1980 – now to 25 wikipedia

28th April Ferals

28th April Ferals Wild Child No limits No boundaries Planetary mission : to create sustainable world Wired Parallel universes Unlimited mind channels Intuitive & telepathic

28th April Ferals Virtual World

28th April Ferals to 15 Future jobs unimportant Non consumers Global i.d. from self values No deference Respect only when useful Live change & ignore barriers

28th April Ferals

28th April Impact for Real Estate Ferals to 15  Expect new relationships & things  Love Virtual world  Create into unknowns  Influencing older gens - leading !  Need  personal power trust  clear values nb: super spin detectors  no rules no hindrance  ICT quality access  multi channel everything

28th April So Are Ferals driving change ? No Yes Maybe

28th April

28th April Real Estate Trends Summary  huge rate of change  climate change & Peak Oil  younger generations driving change  relationships key  Work / Life styles options  less governance  more community power  individual responsibility ! Virtual world emerging !

28th April Facing the future in Property Management :

28th April thank you www. annimac.com.au