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Older residential property owners 'happiest'

On Apr 18 2013
Tagged as:
  • Residential Property


Older Australians who are living in owner-occupied residential properties are the most satisfied, ...

Older Australians who are living in owner-occupied residential properties are the most satisfied, according to a report released by the Australian Institute of Health and Welfare (AIHW).

Respondents were asked whether they were considering moving house, or moving into aged care, and over 90 per cent said they preferred to stay where they were.

While owners were the most satisfied with their housing situation, those who lived in a rental property were the least happy.

The group of older citizens studied consisted of outright owners (73 per cent), mortgagees (five per cent), and those who rent their home privately (ten per cent) or through social housing (eight per cent).

Data from the report showed that location was the primary reason most homeowners wanted to stay put in most areas.

Where these older citizens are now living has also come to light with a new article from the Australian Bureau of Statistics titled 'Where and how do Australia's older people live?' based on 2011 census data.

Of the 14 per cent of Australians aged 65 years plus, over half of them reported living in a private residential property.



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