Australia’s retirement system unprepared for renting future

With home ownership rates collapsing, especially among younger cohorts, more concerns have arisen that the retirement system is unprepared for a future where a large proportion of Australians rent:

Those who own property as they approach retirement are much better off than those of the same age who rent, ABS data shows…

In 2017-18, the ABS found that property-owning households — where at least one of the occupants was 65 and over — had a median net worth of $960,000.

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