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Australians are moving less and ageing in place - featured image

Australians are moving less and ageing in place

People appear to be ageing in place.

The latest statistics suggest that homeowners are staying in the same digs, on average, for 11 years.

This is up from 7 years a decade ago.

That’s a 59% increase.

My chart shows that this increase is widespread.

The high and rising transaction costs plus limited affordable housing options for downsizers is seeing many stay put.

Owner residents and investors alike are also confused as to where to invest.

So, both segments are increasing opting to improve their current abode or investments.

This is a new housing black – renovations and additions.

About Michael is director of independent property advisory Matusik Property Insights. He is independent, perceptive and to the point; has helped over 550 new residential developments come to fruition and writes his insightful Matusik Missive
1 comment

It would be interesting to see if there are any figures separating residential housing use for rental and for a family home. In my own case I have added value to rentals and done strata developments, in the rental market, with the average hold times ...Read full version

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