Retirement
Older Aussie renters at ‘greater risk of financial stress’ than home owners
According to new research, older Australians are one of the fastest-growing groups of renters in Australia with an increasing number of retirees forking out for rented properties.
Australia's retirement incomes system doesn’t work for everyone. Retirees in the private rental market are at much greater risk of financial stress than homeowners, or those in public housing.
2018
Themes:
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:
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:
Independent Living Units: Underfunded and Misunderstood
Australia has an aging population with diverse backgrounds and
experiences; 37 per cent of older Australians were born overseas.
Historical and contemporary privileges and disadvantages have
impacted different Australians’ ability to gain and maintain employment, accrue savings, build financial literacy, contribute to superannuation, own property and prepare for a secure,
enjoyable retirement in l
2018
Supporting older lower income tenants in the private rental sector
Retired lower income households living in the private rental sector face rent increases and insecure tenure while being on low fixed incomes (i.e. the age pension).
2017
Themes:
Another lost opportunity for housing affordability
The 2017 budget highlights the government’s preference for cosmetic rather than consequential changes in housing policy.
On downsizing, the government has badged a giveaway to a small number of seniors as a housing affordability measure.
2017
Themes:
The downsizing cost traps awaiting Australian retirees – here are five reasons to be wary
This article debunks the myth of zero housing costs in retirement.
The concept of zero housing costs in retirement is based on a 1940s view of a well-maintained, single dwelling on a single allotment of land where the mortgage has been paid off.
2017
Themes:
Housing affordability in retirement: current and future issues
This presentation looks at ways in which the issue of housing affordability in retirement can be addressed in Australia.
2017
Metro-based retirees affected by housing affordability
The latest Milliman Retirement Expectations and Spending Profiles report found that those retires who rent privately in Sydney saw their annual cost of living two-thirds higher in order to enjoy the same life quality as homeowners.
2017
Themes:
Housing affordability crisis is bad for Gen Y but worse for Baby Boomers
Australia has the second-highest rate of poverty among those on pensions in all OECD nations. Our retirement system basically takes the inequality that exists in our society at the moment and then magnifies it in retirement.
2017
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"There is nothing like staying at home for real comfort."