Affordability a Key Driver for Ageing in Place

Affordability a Key Driver for Ageing in Place

Older Australians overwhelmingly want to age in place—and the retirement living and aged care sector is evolving to create more adaptable and affordable accommodation. An Australian House and Urban Research Institute study found that up to 80 per cent of Australians aged over 55 wanted to live in their own home as they aged to maintain closeness to family and friends, shopping, transport and health services. Starts at 60 founder Rebecca Wilson, who will speak at The Urban Developer's Retirement Living and Aged Care vSummit later this month, said the mix of “really bad news about residential aged care” and a greater awareness of government home care subsidies meant today’s over-60s were breaking the mould. “A third of our audience has already downsized in some form and another 17 per cent are considering downsizing, but only about 30 per cent overall currently live in a retirement living community or think that that type of community might suit them," she said. Wilson said there was scope for change within the industry to offer a pathway from retirement living communities to residential …
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