Two-thirds of renting Australian retirees live in poverty, prompting calls for increased rent assistance.

A new Grattan Institute report reveals that two-thirds of Australian retirees renting privately live in poverty, often with less than $25,000 in savings. The report suggests boosting Commonwealth Rent Assistance by 50% for singles and 40% for couples to make housing more affordable. This would cost about $2 billion annually, with $500 million for retirees, and could be funded by tightening superannuation tax breaks, limiting negative gearing, and reducing capital gains tax discounts.

5 weeks ago
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