Older people and home ownership: the intention to relocate

Lowies, Braam; Whait, Rob; Lushington, Kurt

doi:10.1108/pm-03-2019-0015

Cited by 7 publications

(11 citation statements)

References 45 publications

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“…The need to improve digital literacy and thereby digital banking skills in older Australians is well‐recognised. 29 , 30 A limitation is that programs tend to be localised and small. There is a need to evaluate programs, identify best practices and develop programs with national reach.…”

Section: Discussionmentioning

confidence: 99%

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COVID‐19: Financial well‐being of older Australians in times of crisis

et al. 2022

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Objective The aim of the present study was to explore the impact of the COVID‐19 pandemic on the financial well‐being of older Australian retirees. Methods Thirty Australian retirees (16 females and 14 males), older than 65 years of age, were asked ‘Have your finances been affected by the events surrounding COVID‐19?’. Data were analysed using Braun and Clarke's six‐step approach, and Bronfenbrenner’s socio‐ecological model was utilised to analyse thematic responses at individual, household, community and societal levels. Results Two COVID‐19‐related themes emerged from interviews: COVID‐19 and increased financial stress and COVID‐19 and frustration with digital banking. Conclusions This study revealed that the financial well‐being of older Australians and especially self‐funded retirees has been negatively impacted by the COVID‐19 pandemic. Participants felt financially worse off primarily due to the volatility of the financial markets, the need to support adult children and the increased cost of living. Also, participants expressed their hesitation and frustration with digital banking services, and their desire for greater personal contact with financial institutions, particularly during times of uncertainty.

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Section: Discussionmentioning

confidence: 99%

“…Older people are known to turn to family, older friends and trusted others to manage their digital banking. 29 This can leave all parties at risk, and, at present, safeguarding policies are lacking.…”

Section: Discussionmentioning

confidence: 99%

COVID‐19: Financial well‐being of older Australians in times of crisis

et al. 2022

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“…Some studies have found significant numbers of people have already downsized, intend to, or would consider it (Duncan, James et al 2016;James, Rowley et al 2020). Other research suggests that Australians over 65 tend to live in larger dwellings than younger cohorts (despite having smaller household sizes), generally do not wish to move, and when they do move it is often to upsize (James, Rowley et al 2019;Judd, Liu et al 2014;Lowies, Whait et al 2020).…”

Section: Supporting Innovation In Alternative Housing Modelsmentioning

confidence: 99%

Alternative housing models for precariously housed older Australians

Tually¹,

Coram²,

Faulkner³

et al. 2022

AHURI Final Report

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Related reports and documentsInquiry into housing policies and practices for precariously housed older Australians https://www.ahuri.edu.au/research-in-progress/inquiry-intohousing-policies-and-practices-for-precariously-housedolder-australians AHURI AHURI is a national independent research network with an expert not-for-profit research management company, AHURI Limited, at its centre. AHURI's mission is to deliver high quality research that influences policy development and practice change to improve the housing and urban environments of all Australians.Using high quality, independent evidence and through active, managed engagement, AHURI works to inform the policies and practices of governments and the housing and urban development industries, and stimulate debate in the broader Australian community. AHURI undertakes evidence-based policy development on a range of priority policy topics that are of interest to our audience groups, including housing and labour markets, urban growth and renewal, planning and infrastructure development, housing supply and affordability, homelessness, economic productivity, and social cohesion and wellbeing. AHURI journalAHURI Final Report journal series is a refereed series presenting the results of original research to a diverse readership of policy-makers, researchers and practitioners. Peer review statementAn objective assessment of reports published in the AHURI journal series by carefully selected experts in the field ensures that material published is of the highest quality. The AHURI journal series employs a double-blind peer review of the full report, where anonymity is strictly observed between authors and referees.

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“…Such differences are often associated with changing housing aspirations over time and life-course events (Beer et al. , 2011b; Crawford and McKee, 2018; Lowies et al. , 2019; Preece et al.…”

Section: Literature Review: Intergenerational and Generational Housin...mentioning

confidence: 99%

“…Likewise, Hoolachan and McKee (2019, p. 213) draw upon Mannheim to set a contextual basis arguing that Mannheim's theory "was attentive to heterogeneities within a generation, as well as inter-generational differences". Such differences are often associated with changing housing aspirations over time and lifecourse events (Beer et al, 2011b;Crawford and McKee, 2018;Lowies et al, 2019;Preece et al, 2020) and the potential for inter-generational resource transfer (Lux et al, 2018). As an example of this K€ oppe (2018) observes how those young adults who live with parents for longer are more able to purchase a home more quickly than those renting, while an earlier study of life chances in the housing market by Payne and Payne (1977) found that housing status pathways are reinforced by social conditions and socially structured inequalities.…”

Section: Inequalities Of Housing Tenure and Housing Typementioning

confidence: 99%

Locked-out: generational inequalities of housing tenure and housing type

Lowies

Squires

Rossini

et al. 2021

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PurposeThe purpose of this paper is to first explore whether Australia and the main metropolitan areas demonstrate significant differences in tenure and property type between generational groups. Second, whether the millennial generation is more likely to rent rather than own. Third, if such variation in tenure and property type by millennials is one of individual choice and lifestyle or the impact of housing market inefficiencies.Design/methodology/approachThis paper employs a comparative research approach using secondary data from the Australian Bureau of Statistics (ABS) to consider housing tenure and type distributions across generations as well as through cross-city analysis.FindingsThe results show that home ownership is still the dominant tenure in Australia, but private rental is of increasing significance, becoming the tenure of choice for Millennials. Owner occupation is shown to remain and high and stable levels for older generations and while lower in percentage terms for Generation X; this generation exhibits the highest growth rate for ownership. Significant differences are shown in tenure patterns across Australia.Originality/valueThe significance of this paper is the focus on the analysis of generational differences in housing tenure and type, initially for Australia and subsequently by major metropolitan areas over three inter-census periods (2006, 2011 and 2016). It enhances the understanding of how policies favouring ageing in place can contradict other policies on housing affordability with specific impact on Millennials as different generations are respectively unequally locked-out and locked-in to housing wealth.

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Older people and home ownership: the intention to relocate

Cited by 7 publications

References 45 publications

COVID‐19: Financial well‐being of older Australians in times of crisis

COVID‐19: Financial well‐being of older Australians in times of crisis

Alternative housing models for precariously housed older Australians

Locked-out: generational inequalities of housing tenure and housing type

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