Retirement
Retirement Living Council calls for focus on seniors' housing as population ages
Retirement
Retirement Living Council calls for focus on seniors' housing as population ages
The Retirement Living Council (RLC) has urged governments across Australia to prioritise age-friendly housing solutions in response to new data revealing an ageing population.
Retirement Living Council calls for focus on seniors' housing as population ages
The Retirement Living Council (RLC) has urged governments across Australia to prioritise age-friendly housing solutions in response to new data revealing an ageing population.
Recently released figures from the Australian Bureau of Statistics (ABS) for 2023 show:
- 7% of the population in capital cities is aged over 75
- 9.4% of the population outside capital cities is over 75
- Over 55s make up 26% of the population in capital cities
- Over 55s account for 34% of the population outside capital cities
RLC Executive Director Daniel Gannon highlighted the need for all levels of government to address the challenges of housing an ageing population.
"We have known about our ageing population for a long time now, but governments seem flat-footed in their response to accommodating and caring for this growing cohort of older Australians," Mr Gannon said.
He pointed out that over the next two decades, the number of Australians over 75 will increase by 85%, which will have significant socio-economic impacts.
Mr Gannon emphasised the potential benefits of increasing age-friendly housing supply, citing current pressures on healthcare and aged care systems.
"Hospital beds are already full, ambulances are ramping in most capital cities, aged care facilities are at capacity and most retirement villages have lengthy waiting lists," he said.
The RLC is advocating for more retirement villages, highlighting their positive impact on residents' health and wellbeing. According to Mr Gannon, retirement village residents are:
- 41% happier
- 20% less likely to require hospitalisation after nine months
- 15% more physically active
- Five times more socially active
- Twice as likely to catch up with family or friends
- Have reduced levels of depression and loneliness
Mr Gannon argued that these communities help minimise older Australians' interactions with healthcare services and delay entry into taxpayer-funded aged care, saving the government an estimated $945 million annually.
He also noted that when older Australians move into retirement villages, it frees up housing supply for younger families.
The RLC is calling on governments to take decisive action to address the housing needs of Australia's ageing population, emphasising the broader societal benefits of age-friendly housing solutions.
Retirement Planning
Macquarie University study reveals benefits of guaranteed income in retirement
A new study by Macquarie University's School of Psychological Sciences has found that mental health, enjoyment, and financial security are key benefits of incorporating guaranteed income and annuities ...Read more
Retirement Planning
Retirement villages offer affordable housing amid market crisis, study finds
Retirement villages are providing a significantly more affordable housing option for older Australians compared to the traditional property market, according to new data released today. Read more
Retirement Planning
Age-appropriate housing could reduce hospitalisations for elderly Australians, report finds
A new report from the Australian Institute of Health and Welfare (AIHW) has highlighted the potential benefits of age-friendly housing in reducing hospitalisations among older Australians. Read more
Retirement Planning
Retirement Living Council urges focus on seniors' housing as population ages
The Retirement Living Council (RLC) has called for a renewed focus on retirement villages as a key housing solution to cater for Australia's ageing population, following the release of fresh ...Read more
Retirement Planning
Reverse mortgages in Australia: A financial solution for retirees
For many Australian retirees, finding ways to fund their post-retirement years is a significant concern. One financial solution that has gained attention is the reverse mortgage. This type of loan ...Read more
Retirement Planning
Retirement Living Council criticises state budgets for lack of ageing strategies
The Retirement Living Council (RLC) has criticised state government budgets for their lack of ideas, vision and strategies to appropriately house ageing populations around Australia. Read more
Retirement Planning
Retirement Living Council urges action on affordable housing for seniors as more retirees worry about income
The Retirement Living Council (RLC) is calling on governments to prioritise retirement villages as a key solution to housing affordability for older Australians, as new data shows an increase in ...Read more
Retirement Planning
Empowering your future: Financial literacy and retirement planning in Australia
In today’s complex financial landscape, achieving a secure and comfortable retirement requires more than just saving money. It demands a deep understanding of financial concepts and the ability to ...Read more
Retirement Planning
Macquarie University study reveals benefits of guaranteed income in retirement
A new study by Macquarie University's School of Psychological Sciences has found that mental health, enjoyment, and financial security are key benefits of incorporating guaranteed income and annuities ...Read more
Retirement Planning
Retirement villages offer affordable housing amid market crisis, study finds
Retirement villages are providing a significantly more affordable housing option for older Australians compared to the traditional property market, according to new data released today. Read more
Retirement Planning
Age-appropriate housing could reduce hospitalisations for elderly Australians, report finds
A new report from the Australian Institute of Health and Welfare (AIHW) has highlighted the potential benefits of age-friendly housing in reducing hospitalisations among older Australians. Read more
Retirement Planning
Retirement Living Council urges focus on seniors' housing as population ages
The Retirement Living Council (RLC) has called for a renewed focus on retirement villages as a key housing solution to cater for Australia's ageing population, following the release of fresh ...Read more
Retirement Planning
Reverse mortgages in Australia: A financial solution for retirees
For many Australian retirees, finding ways to fund their post-retirement years is a significant concern. One financial solution that has gained attention is the reverse mortgage. This type of loan ...Read more
Retirement Planning
Retirement Living Council criticises state budgets for lack of ageing strategies
The Retirement Living Council (RLC) has criticised state government budgets for their lack of ideas, vision and strategies to appropriately house ageing populations around Australia. Read more
Retirement Planning
Retirement Living Council urges action on affordable housing for seniors as more retirees worry about income
The Retirement Living Council (RLC) is calling on governments to prioritise retirement villages as a key solution to housing affordability for older Australians, as new data shows an increase in ...Read more
Retirement Planning
Empowering your future: Financial literacy and retirement planning in Australia
In today’s complex financial landscape, achieving a secure and comfortable retirement requires more than just saving money. It demands a deep understanding of financial concepts and the ability to ...Read more