An Inherited Housing Report published by The Bankwest estimates that property worth $7.5 billion will be succeeded in Tasmania in the coming 15 years. The growth has been attributable to factors like rise in the property prices, ageing population and high rates for home ownership.

Bankwest's Adrian Bradley said, "It is a record amount and seven and a half billion dollars worth of property is going to change hands in Tasmania as the veterans and some of the older baby boomers start to move on".

This has been for the first time that this kind of wealth growth has been estimated as money gets transferred from generations to generations. The further predictions by Bankwest includes that by the year 2025, the housing inheritance estimates to be worth $31trillion which is a value twice the value of housing in 2009.

Residex's report on the current home prices values reveal that assets worth $2trillion are being owned by Veterans and baby boomers which is a substantial amount in comparison to the stock of $3.5trillion held by the nations' total housing.