A surprisingly high number of older Australians are being forced to move into shared house accommodation, with demand across the sector doubling over the last 12 months.
The Albanese government is grappling with a housing supply issue and soaring rents, forcing Australians aged 45 and over to consider share house living in record numbers.
REA Group Economist Anne Flaherty said they were shocked at how quickly the demand for this type of living was growing. “Interestingly what we’re seeing is the 45+ category that’s seeing the fastest growth in share house living.” “The fact that there's fewer properties available, rents are rising rapidly and it's driving people to find alternative ways of living.”
The growing number of Aussies hunting for shared homes stands awkwardly alongside Reserve Bank Governor Philip Lowe's advice, where he suggested “finding a roommate” as a solution to Australia’s housing supply issue.
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