Advertisement
The 2017 Federal Budget included the below measure aimed at encouraging seniors to downsize from their large homes to free-up housing for Australian families:
Yesterday, National Seniors Australia called for the scheme to be expanded to the Aged Pension:
Ian Henschke, chief advocate of National Seniors Australia, suggests: “The strong take-up of this very conditional scheme tells you clearly the demand is there — what needs to happen now is a proper downsizing program that anybody — not just a lucky few — can access”…
The full text of this article is available to MacroBusiness subscribers
Cancel at any time through our billing provider, Stripe
About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.