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Australian Housing and Urban Research Institute (AHURI) has released new research claiming that older empty-nesters are clinging to their larger family-friendly homes. The AHURI also recommends a wide range of tax reforms to encourage seniors to downsize:
“They like to stay where they’re familiar,” said lead researcher Associate Professor Stephen Whelan from the University of Sydney.
“Unless they’re forced to – through ill-health or the death of a spouse – there is a reluctance to move”…
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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.