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I'm sure there are many older Australians who would be happy to...

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Roostercogburn

53 Posts.

3

09/04/24

14:03

Post #: 73258986
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Originally posted by Tarvold: ↑

There would a significant number or retirees living in 3-5 bedroom homes that have excess rooms that are never used that would be better utilised by young families.

Try attempting to get these people to sell & move into 2 bedroom apartments or retirement villages, political suicide!
The whole tax/benefit system is geared up to allow them to stay in their homes ie houses aren't included in asset tests.

The answer is simple supply & demand must be brought back to balance. Significantly reduce demand & significantly increase supply.
At the moment we have the worst both worlds, demand is too high & supply is too low.

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I'm sure there are many older Australians who would be happy to move into a smaller property, but the cost of selling, buying a new, smaller home and paying stamp duty and moving costs could wipe out $100k.
Its easier to stay put, offer some incentive like smaller stamp duty payment on your smaller home and you might get a few takers.
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