Retirement housing

Government urged to expand downsizing policy for seniors

National Seniors Australia said today the Federal Government needed to rethink its downsizing policy introduced in last year’s Budget to allow Australians aged 65 and over to sell their home and divert up to $300,000 per person into superannuation.

National Seniors Chief Advocate Ian Henschke said the policy, which will come into effect on 1 July this year, had not been well received by most older Australians.

Top seven areas to retire and build equity

Many retirees opt for a sea change or tree change when they give up work, looking for a place that suits their changing lifestyle, and will deliver long-term capital growth.

Many are retiring younger and are expected to live longer, so finding the right place that will build equity is extremely important to them.

RiskWise Property Research has identified seven regions that offer good lifestyle options, value for money and solid capital growth.

Federal Pre-Budget 2018-19 Submission

National Seniors submission to the Federal Budget 2018-19 consultation process presents a number of key recommendations to the Federal Government on behalf of older Australians.

New aged care service proving its worth

Sisters Anne and Sharon* are at almost opposite ends of the continent, but both care deeply about their 84-year-old mother Betty, who still lives independently in her own home.

They recently used National Seniors’ new Aged Care service to solve a problem that could have caused them and their mum a lot of stress, and upset holiday plans.

Betty was needing more help than Sharon, who lives nearby, could provide weekly and she was also planning a six-week overseas trip.

Bupa calls for pensioners to pay more for care

A shock increase in aged care costs could be included in this year’s Federal Budget if Treasury heeds a call to force pensioners to pay more for nursing home services, according to a report this week on retirement website YourLifeChoices.

The proposal by insurance company Bupa recommends that the capped value of people’s homes be increased from the current $162,087.20, so those with valuable homes are asked to pay more for care.

Downsizing off agenda for 40 percent of seniors

Home is where the heart is, and for more than 40 per cent of older Australians, it determines where they live in retirement.

National Seniors’ new research report reveals that while many Australians consider downsizing to a smaller house when they retire, a substantial proportion of older homeowners rule it out because they don’t want to leave their house, neighbourhood and community.

Retirement villages approaching capacity

A new report shows Australia’s retirement villages are almost full, highlighting a need for more age-appropriate housing for seniors in their local communities.

The results of the annual PwC/Property Council Retirement Census show increasing numbers of older Australians are living in retirement villages, taking advantage of hotel-style services, visiting health professionals and cash left over from the sale of their family home.

Singles on low incomes locked out of NSW

Many single people on pensions or benefits cannot find affordable rental accommodation in New South Wales, according to housing advocacy group Shelter NSW.

Its chief executive, Karen Walsh, said governments needed to address the shortfall of around 100,000 social and affordable housing dwellings in the state.

“The RAI (Rental Affordability Index) clearly shows that our current housing system is not ‘fit for purpose’,” Ms Walsh said.

Downsizing: Movers, planners, stayers

Downsizing is a major consideration for Australian homeowners when they enter retirement. The current study gathered data from the members of National Seniors Australia on their reasons for downsizing, and asked about some policy measures that may encourage them to downsize if they haven’t yet done so. Many homeowners wish to keep living in the family home in retirement. We asked this group of people what discourages them from considering downsizing.

High cost of housing drives older people to homelessness

A new report has called for 60,000 new social housing dwellings to be provided for older people.

Mission Australia’s Ageing and Homelessness: solutions for a growing problem report said the high cost of housing was placing great financial strain on many older people, particularly those who rented.

“For people who are surviving on social security payments such as the age pension, there’s not much left over after paying the rent each week,” said Mission Australia’s Catherine Yeomans.

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