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Rising housing costs push 12% of Australian retirees into rentals, down from 6% two decades ago.
Australia’s soaring home prices have pushed a record 12% of retirees into private rentals, up from 6% two decades ago, as housing affordability worsens.
Homeownership among retirees has fallen to 66% from 75%, with Sydney’s median house price exceeding A$1.5 million.
A growing number of seniors remain in large homes while younger buyers face shortages, prompting calls for policy reforms.
The Retirement Living Council urges changes to the Age Pension assets test and Commonwealth Rent Assistance rules to encourage downsizing, which could free up tens of thousands of homes, boost stamp duty revenue, and improve retirement housing access.
El aumento de los costos de la vivienda empuja al 12% de los jubilados australianos a alquilar, por debajo del 6% de hace dos décadas.