Affordable housing is a problem for older Australians, too

Seniors are often overlooked in discussions of housing affordability. This may be because there is a perception that they have bought, and paid off, their homes. However, housing availability and affordability present significant difficulties for many older people. Contrary to popular belief, many older people are not home owners or choose (or can afford) to live in retirement villages. Thousands are subject to the vagaries of rental increases, waiting lists and transient accommodation. At the same time, they must deal with age-related issues such as lower incomes, declining health and mobility, or the loss of a partner. Any shortcomings in policy settings that affect housing affordability are likely to create greater stress and anxiety among seniors than other age groups.