NEW research has shown the impact a lack of affordable and age-appropriate housing is having on older people says a lobby group for older Australians.<\/p>\n
The National Seniors Australia report Suitable Housing in Later Life shows housing affordability has plagued 65 per cent of respondents aged 50 and older.<\/p>\n
About 45 per cent live in homes unsuitable for later life because they\u2019re too big, need costly modifications or security of tenure can\u2019t be guaranteed.<\/p>\n
Chief executive officer Chris Grice said the findings are consistent with alarm bells ringing across the country as rental and mortgage stress continues to take hold, and for the possibility people won\u2019t be able to stay in their homes as they age.<\/p>\n
\u201cThe age pension was designed on the assumption older people own their home, however 15 per cent do not and this is set to rise as the cost of owning a home skyrockets,\u201d he said.<\/p>\n
\u201cOur research shows 39 per cent of older renters experienced severe cost of living impacts because of rising living costs.<\/p>\n
\u201cUnsurprisingly, renters were nine times more likely than others to be \u2018quite concerned\u2019 or \u2018acutely concerned\u2019 about their ability to afford housing while mortgagees were four times more likely.<\/p>\n
\u201cHousing security clearly remains a problem for renters, with many wanting easier and more affordable pathways to buy, or more secure, affordable, long -term rental options.<\/p>\n
\u201cThe results support our call for an increase to the Commonwealth Rent Assistance.<\/p>\n
\u201cWhile we were pleased to see a 15 per cent increase to the maximum rate in the Federal budget, it is not enough.\u201d<\/p>\n
It\u2019s not just older renters facing housing issues. Older homeowners, especially those still with a mortgage, face cost pressures and difficulties accessing age-friendly housing.<\/p>\n
Older homeowners face a number of issues including rising interest rates, the cost and hassle of downsizing to age-friendly housing including stamp duty, the cost of retirement villages and aged care, and the cost of council rates, body corporate fees, and utilities.<\/p>\n
The research revealed a desire for smaller, more manageable homes and yards with one-third of older people willing to consider a move in later life. But barriers to downsizing remain.<\/p>\n
The scarce availability of age-friendly housing stock and other retirement options was a major barrier for 19 per cent of homeowners, stamp duty costs were a barrier for 32 per cent of respondents while the hassle of buying, selling and moving was a barrier for 50 per cent.<\/p>\n
\u201cWe need urgent action on housing, such as housing built for seniors specific needs, in conjunction with aged care that recognises the realities of older people\u2019s living circumstances,\u201d Mr Grice said.<\/p>\n
The report was based on data from the 11th National Seniors Social Survey of more than 5300 people aged 50 and older.<\/p>\n","protected":false},"excerpt":{"rendered":"
NEW research has shown the impact a lack of affordable and age-appropriate housing is having on older people says a lobby group for older Australians. The National Seniors Australia report Suitable Housing in Later Life shows housing affordability has plagued 65 per cent of respondents aged 50 and older. About 45 per cent live in […]<\/p>\n