Private Rental
Rental Housing for an Ageing Population
In our latest Inquiry, we have turned our attention to rental housing for older people, both now and in the decades to come. We wanted to find out how many homes for rent are likely to be needed over the next 20 years or so, what they should be like and who might provide them.
Today only 22% of those over 65 are tenants (private or social). But this will change.
2019
Themes:
High rents putting older people at risk of homelessness, charity says
In Ireland, older people are increasingly at risk of homelessness due to the cost of rent increasing but State pension remaining the same.
Alone, a charity supporting older people, said one of the most frequent issues the organisation sees is older people living in private rented accommodation finding it increasingly difficult to pay rent as rates rise.
2019
Themes:
Housing Crisis: Young People Pushing Older Women Into Homelessness
Older women are Australia's fastest growing group of homeless people and the lack of affordable housing is a major factor in the rapid increase.
The number of homeless women over 55 has increased by a whopping 31 percent since 2011. Other demographics of homeless people have increased by just 14 percent since then.
2019
Housing America's Older Adults 2019
Within the US, the 65+ age group, most recent income gains have gone to the highest earners, and the number of households with housing cost burdens has reached an all-time high.
2019
Housing costs 'crippling' for senior Australians
Two thirds of Australian women renters over 55, would find a rent increase more difficult to afford compared to the rest of the population. Australian Bureau of Statistics shows that women over 55 are the fastest growing cohort of people experiencing homelessness.
The number of this cohort living alone is very high compared with the rest of the population.
2019
Will you be renting in retirement?
The concept of retirees as mortgage-free homeowners is a problem for our current welfare system. Thanks to poor housing affordability, people who do own property are generally buying later in life and paying off their mortgage for longer.
2018
Themes:
Grey renting: the rising tide of older private tenants
New statistics from the most recent edition of the UK government’s English Housing Survey suggest a big tide of older private tenants is fast approaching. If it’s realised, this shift in the way older people are housed could see increasing numbers of pensioners paying unaffordable levels of rent, forced to move against their will or made homeless.
2018
The Private Rental Sector in Australia: Public perceptions of quality and affordability
This report examines the national state of the private rental system in Australia. While growing in size, it has also changed in terms of composition.
2018
Themes:
Rental warning: Falling home ownership rates set to bite retirees
Older Australians are falling off the housing ladder and face spending their retirement as renters, with the situation expected to worsen for coming generations.
Senior Australians in the private rental market are “at much greater risk of financial stress than home owners, or those in public housing”, according to the Grattan Institute’s recently launched Grattan Retirement Incomes Model.
Older
2018
Themes:
Experiences of those aged 50+ in the private rented sector
The number of people in England, aged 50+ living in the private rented sector has reached a record high in recent times, at 1.13m in 2015/16 (compared to 651,000 in 2008/9). This equates to nine per cent of the population aged 50 and over (compared to 6 per cent in 2008/9).
2018
Themes:
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"There is nothing like staying at home for real comfort."