Retirement

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

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

Retired and renting - the trend isn't comforting

The risk is growing that we will see more and more older people living in housing-related poverty. That is one conclusion of the Stocktake of New Zealand's Housing released this week.
2018

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

'Ticking time bomb': Older Australians face housing crisis

Australian retirees will face a housing crisis within 15 years unless urgent action is taken, according to the Council on the Ageing. It drew attention to the impact on older Australians of rising prices, rising rents, huge mortgage debt and the scarcity of suitable homes. The assumption that Australians retire in a home they own underpins the nation’s superannuation and pension systems, but thi
2017

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

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

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

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
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