You know discussions around Australia’s housing shortage have jumped the shark when baby boomers are being encouraged to leave Australia to free up their homes.
Property sector market researchers, Suburbtrends, claim that more than 100,000 homes could be released on the rental market if Aussies aged over 67 retire overseas.
Suburbtrends believes the “rentirement” concept would be a “win-win” for retirees, renters, and the government.
“Our data shows that over 137,000 homes could be released into the rental market if just 10% of the Rentirees cohort participated”, Kent Lardner, founder of Suburbtrends, said.
“This represents a substantial untapped resource that could drastically ease rental pressures”.
“Rentirees can enjoy a higher quality of life at a fraction of the cost, renters gain access to more housing, and the government can alleviate pressure on the housing market without significant expenditure”.
“We believe rentirement offers a practical and timely solution to Australia’s rental crisis”, Lardner said.
I have a better idea. How about the government stop importing hundreds of thousands of migrants yearly, adding to housing demand?
Even under the Albanese government’s promise to return net overseas migration to under 250,000 a year, as projected in the latest Intergenerational Report, Australia’s population will grow by 13.5 million people in only 39 years:
That level of growth is the equivalent of adding another Sydney, Melbourne, and Brisbane to Australia’s current population in only 39 years.
The cold, hard truth is that Australia will never build enough homes or infrastructure if its population continues to grow so quickly.
Stop gaslighting and cut immigration.
