“If such housing is not forthcoming over future decades, Australia will have a sizeable minority of its older households in a unsustainable housing position.”. A government can bring people here then not provide them a decent place to live. What people forget to factor in when discussing Private Rental – is that at any given day – you can go to your mailbox and receive a letter from your Agent giving you 60 days to “vacate” !! Report from Swinburne University of Technology paints a grim picture of Australians’ housing security, with a widening gap between homeowners and those in private rental accommodation. In theory at least, if you have a well-balanced retirement portfolio, you can withdraw 4% per year for the rest of your life, and never outlive your money. For sentimental possessions you no longer use but can’t bear the thought of ditching, consider giving them to a friend or family member. The government is nowhere near having that $50 billion they need for business and high income earner tax cuts. We are enjoying life and working on things we want to. Agree, rates are totally ridiculous. gets a very basic house if you are very lucky. – where is a private rental (Unit/townhouse etc.) I have just got a large bill from the tax office – PLUS have been hit with provisional tax. Geez Old geezer do you know something i don’t YEs Please explain.I’m a private renter, and let me tell you, its not easy here either.NO backyard, not allow to have a pet. NOT really Mez what makes you say that. Great analysis, thank you! Lights need to turn on. Women were particularly vulnerable as they not only tended to be poorer than men, but more susceptible to having their wealth impacted by “critical life events”. Nothing extra offered, a simple and sole RORT. She said the government had encouraged people to “think about housing as a way to make money”, which came at the expense of those shut out of the market and destabilised both the private rental sector and the broader financial sector. Her husband is a chemist living in Sydney. HS, May I suggest you get the FACTS before posting ignorant dribble. Discuss topics of your choosing on The Meeting Place. and trust me that was the most difficult of part of my life, and time consuming, and waste of money. Find out more. You obviously have been lucky and had a reasonable time where you living Mez?? An elderly couple across the street from me in Dallas were suddenly forced to move when the house was sold. but if you do get to 1 mill by 50-55 just retire then, spend 50k a year enjoy more yrs of retirement and now your at the sweet spot. If that is correct then the millions brought in each year by the LNP government to boost the GPS figures and lower wage costs has stuffed Australia up. YourLifeChoices sends daily newsletters, featuring news, information on retirement income and planning, travel, health, lifestyle and wealth, as well as opinion and updates specific to Australians aged over 50. Chocolate companies criticised for child slavery in supply chains. Why older Australians are staying put instead of downsizing, Australia’s pension system receives a wake-up call from pension experts, Product we all use doing 'serious damage' to the planet, The topic that we least wanted to talk about in 2020. Eg. Instead, you really have only two reliable choices, or a combination of them: (1) work more, and/or (2) reduce your expenses. It was very hard on them as they had lived there for 20 years. There’s a lot to consider. That number is expected to rise to more than 606,300 people in 2030 and more than 832,300 in 2050. Down the street was a boarding house for ladies. 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