Policy makers and researchers have looked at the issue of older home owners and downsizing a few times now. The picture still looks the same. Whether older Australians want to downsize or stay put, our housing stock is not fit for purpose. For those who want to stay put, their current home is unlikely to support them as they age. This is particularly difficult for renters. For those who are prepared to move, there is nothing suitable to move to – not if they are planning to stay put later on.
The latest report, Keeping a roof over our heads, by Bankwest Curtin Economics Centre has more detail about their recent survey outlined in an article in The Conversation, titled, Lack of housing choice frustrates would-be downsizers.
When it comes to house size, Bruce Judd and colleagues from UNSW found that retirees generally want three bedrooms for flexibility of lifestyle. Some for visiting family and looking after grandchildren. Others need room for hobbies or a study. Some couples sleep separately for health reasons. Typically, retirees spend more time at home now that they are not working, so space becomes even more important.
What’s interesting in all the studies, it’s generally the size of the yard and house maintenance that needs downsizing, not the home. Those who say they don’t want to move, might consider the idea if there was a more suitable place in their current neighbourhood. And not age-segregated living. However, if industry had rolled out the Livable Housing Design Guidelines as promised, there would be more suitable choices available throughout our housing stock.