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Lessons from overseas: the future impact of retiree renters

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Aged care providers and governments need to plan now for the impact of lifelong renters on the financial models driving the industry, writes James Kelly.

For generations Australians have been selling their homes to fund retirement and aged care. Downsizing from a family home to a smaller dwelling then into a retirement village and later to aged care if required, is a familiar path.

But baby boomers’ high expectations for life after retirement are shaping fresh approaches within the sector. And with a 38 per cent increase over the past decade in the number of households renting, we need to pave fresh paths to ensure equitable access. Many people simply won’t have a primary asset to leverage for retirement.

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Source:
Unknown Author, 2019, Australian Ageing Agenda (https://www.australianageingagenda.com.au/about/)

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