Downsizers could help unlock Australia's underused housing stock
With almost nine in ten households aged over 55 having at least one spare bedroom, downsizing could free up larger homes for younger buyers — but major barriers remain.
Australians are increasingly finding young families are living in cramped apartments while older homeowners remain in large homes with multiple unoccupied rooms. (Image source: Mark Heider/Shutterstock.com)
As older Australians begin to downsize and offload long-held properties, they may well hold a key to addressing the housing supply crisis
.With an intergenerational wealth transfer firmly underway, a seismic shift in the housing market is on the verge of unfolding.
Australia’s ageing population now comprises just shy of 30 per cent of people over 55, and that relatively wealthy cohort is sitting on large stockpile of unoccupied rooms.
According t…
