"Bernard Salt" is an author and columnist with The Australian and Herald Sun newspapers. He is currently Chairman of the Tourism Forecasting Committee.

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This not only drives up prices, it forces the demand to spill over and sprawl out to the next best piece of geography up and down the coast and the river.

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This means 20-somethings are more open to commitment than older men.

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As brutal as it may sound, I think that a policy where by people actually repay the HECS debt if they're in gainful employment, wherever they are in the world, I think would make generation Y think twice about remaining overseas.

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Waiting around till you die belongs to the 20th century. The 21st century is time to develop physical and social skills and engage with the community ... and living at a marina, for those who can afford it, is showing the way.

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But Australians are different to both the Americans and to the New Zealanders. We are singularly focused on the coast.

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So, too, will places such as the Gold Coast and selected regional areas on the eastern seaboard and the southwest cape. The areas that will lose market share over the next 20 years are the weaker capital cities and the bush.

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