{"id":18090,"date":"2019-04-13T14:41:12","date_gmt":"2019-04-13T02:41:12","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=18090"},"modified":"2019-04-13T14:41:12","modified_gmt":"2019-04-13T02:41:12","slug":"home-ownership-is-about-to-plummet-for-retirees-and-younger-australians-should-take-note","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/home-ownership-is-about-to-plummet-for-retirees-and-younger-australians-should-take-note\/","title":{"rendered":"Home ownership is about to plummet for retirees \u2014 and younger Australians should take note"},"content":{"rendered":"

 <\/p>\n

PHOTO:\u00a0Home ownership rates are falling fast among the young and the poor. AAP: James Ross<\/strong><\/p>\n

Australia’s retirement incomes system has been built on the assumption that most retirees would own their home outright.<\/p>\n

But new Grattan Institute modelling shows the share of over 65s who own their home will fall from 76 per cent today to 57 per cent by 2056 \u2014 and it’s likely that less than half of low-income retirees will own their homes in future, down from more than 70 per cent today.<\/p>\n

Home ownership provides retirees with big benefits: they have somewhere to live without paying rent, and they are insulated from rising housing costs.<\/strong><\/em><\/p><\/blockquote>\n

Retirees who have paid off their mortgage spend much less of their income on housing (on average 5 per cent) than working homeowners or retired renters (25 per cent to 30 per cent). These benefits \u2014 which economists call imputed rents \u2014 are worth more than $23,000 a year to the average household aged 65 or over, roughly as much again as the maximum pension.<\/p>\n

READ MORE VIA ABC<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  PHOTO:\u00a0Home ownership rates are falling fast among the youngRead More →<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":18091,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478098521,478098566,478104576,478098519,478098535,478098513,478101743,478099125,478098873,478098579,478098510,478098514,478098511,478098705,478098509,478098643],"class_list":["entry","author-data123nz","post-18090","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australians","tag-first-home-buyers","tag-grattan-institute","tag-home-ownership","tag-house-prices","tag-property","tag-property-correction","tag-property-crash","tag-property-investment","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agency","tag-real-estate-news","tag-retirement"],"yoast_head":"\nHome ownership is about to plummet for retirees \u2014 and younger Australians should take note - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/propertynoise.co.nz\/au\/home-ownership-is-about-to-plummet-for-retirees-and-younger-australians-should-take-note\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Home ownership is about to plummet for retirees \u2014 and younger Australians should take note - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"  PHOTO:\u00a0Home ownership rates are falling fast among the youngRead More →\" \/>\n<meta property=\"og:url\" content=\"https:\/\/propertynoise.co.nz\/au\/home-ownership-is-about-to-plummet-for-retirees-and-younger-australians-should-take-note\/\" \/>\n<meta property=\"og:site_name\" content=\"Property News Australia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/PropertyNoiseNZ\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-13T02:41:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i1.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2019\/04\/Home-ownership-rates-are-falling-fast-among-the-young-and-the-poor..jpg?fit=940%2C627&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"940\" \/>\n\t<meta property=\"og:image:height\" content=\"627\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Property Noise Group\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@propertynoisenz\" \/>\n<meta name=\"twitter:site\" content=\"@propertynoisenz\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Property Noise Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/home-ownership-is-about-to-plummet-for-retirees-and-younger-australians-should-take-note\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/home-ownership-is-about-to-plummet-for-retirees-and-younger-australians-should-take-note\\\/\"},\"author\":{\"name\":\"Property Noise Group\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#\\\/schema\\\/person\\\/175c8981af50e593000aa8ad7aab9d84\"},\"headline\":\"Home ownership is about to plummet for retirees \u2014 and younger Australians should take note\",\"datePublished\":\"2019-04-13T02:41:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/home-ownership-is-about-to-plummet-for-retirees-and-younger-australians-should-take-note\\\/\"},\"wordCount\":184,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/home-ownership-is-about-to-plummet-for-retirees-and-younger-australians-should-take-note\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/wp-content\\\/uploads\\\/2019\\\/04\\\/Home-ownership-rates-are-falling-fast-among-the-young-and-the-poor..jpg\",\"keywords\":[\"australia\",\"Australians\",\"first home buyers\",\"Grattan Institute\",\"Home ownership\",\"house prices\",\"property\",\"property correction\",\"property crash\",\"property investment\",\"property market\",\"Property News\",\"propertynoise\",\"real estate\",\"real estate agency\",\"Real Estate News\",\"retirement\"],\"articleSection\":[\"Australian Property & Real Estate News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/home-ownership-is-about-to-plummet-for-retirees-and-younger-australians-should-take-note\\\/\",\"url\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/home-ownership-is-about-to-plummet-for-retirees-and-younger-australians-should-take-note\\\/\",\"name\":\"Home ownership is about to plummet for retirees \u2014 and younger Australians should take note - Property News Australia\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/home-ownership-is-about-to-plummet-for-retirees-and-younger-australians-should-take-note\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/home-ownership-is-about-to-plummet-for-retirees-and-younger-australians-should-take-note\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/wp-content\\\/uploads\\\/2019\\\/04\\\/Home-ownership-rates-are-falling-fast-among-the-young-and-the-poor..jpg\",\"datePublished\":\"2019-04-13T02:41:12+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/home-ownership-is-about-to-plummet-for-retirees-and-younger-australians-should-take-note\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/home-ownership-is-about-to-plummet-for-retirees-and-younger-australians-should-take-note\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/home-ownership-is-about-to-plummet-for-retirees-and-younger-australians-should-take-note\\\/#primaryimage\",\"url\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/wp-content\\\/uploads\\\/2019\\\/04\\\/Home-ownership-rates-are-falling-fast-among-the-young-and-the-poor..jpg\",\"contentUrl\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/wp-content\\\/uploads\\\/2019\\\/04\\\/Home-ownership-rates-are-falling-fast-among-the-young-and-the-poor..jpg\",\"width\":940,\"height\":627,\"caption\":\"Home ownership\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/home-ownership-is-about-to-plummet-for-retirees-and-younger-australians-should-take-note\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Home ownership is about to plummet for retirees \u2014 and younger Australians should take note\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#website\",\"url\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/\",\"name\":\"Property News Australia\",\"description\":\"Property News | Real Estate News | Australia\",\"publisher\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#organization\",\"name\":\"The Property Noise Group\",\"url\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/wp-content\\\/uploads\\\/2017\\\/04\\\/Property-Noise-Australia.jpg\",\"contentUrl\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/wp-content\\\/uploads\\\/2017\\\/04\\\/Property-Noise-Australia.jpg\",\"width\":1120,\"height\":160,\"caption\":\"The Property Noise Group\"},\"image\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/PropertyNoiseNZ\\\/\",\"https:\\\/\\\/x.com\\\/propertynoisenz\",\"http:\\\/\\\/propertynoisenz\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#\\\/schema\\\/person\\\/175c8981af50e593000aa8ad7aab9d84\",\"name\":\"Property Noise Group\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/af2bf84b4d56686eb3a56198b9c42b70fbfd61e2345c6cdbe78ec64d72d424d1?s=96&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/af2bf84b4d56686eb3a56198b9c42b70fbfd61e2345c6cdbe78ec64d72d424d1?s=96&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/af2bf84b4d56686eb3a56198b9c42b70fbfd61e2345c6cdbe78ec64d72d424d1?s=96&r=g\",\"caption\":\"Property Noise Group\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Home ownership is about to plummet for retirees \u2014 and younger Australians should take note - Property News Australia","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/propertynoise.co.nz\/au\/home-ownership-is-about-to-plummet-for-retirees-and-younger-australians-should-take-note\/","og_locale":"en_US","og_type":"article","og_title":"Home ownership is about to plummet for retirees \u2014 and younger Australians should take note - Property News Australia","og_description":"  PHOTO:\u00a0Home ownership rates are falling fast among the youngRead More →","og_url":"https:\/\/propertynoise.co.nz\/au\/home-ownership-is-about-to-plummet-for-retirees-and-younger-australians-should-take-note\/","og_site_name":"Property News Australia","article_publisher":"https:\/\/www.facebook.com\/PropertyNoiseNZ\/","article_published_time":"2019-04-13T02:41:12+00:00","og_image":[{"width":940,"height":627,"url":"https:\/\/i1.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2019\/04\/Home-ownership-rates-are-falling-fast-among-the-young-and-the-poor..jpg?fit=940%2C627&ssl=1","type":"image\/jpeg"}],"author":"Property Noise Group","twitter_card":"summary_large_image","twitter_creator":"@propertynoisenz","twitter_site":"@propertynoisenz","twitter_misc":{"Written by":"Property Noise Group","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/propertynoise.co.nz\/au\/home-ownership-is-about-to-plummet-for-retirees-and-younger-australians-should-take-note\/#article","isPartOf":{"@id":"https:\/\/propertynoise.co.nz\/au\/home-ownership-is-about-to-plummet-for-retirees-and-younger-australians-should-take-note\/"},"author":{"name":"Property Noise Group","@id":"https:\/\/propertynoise.co.nz\/au\/#\/schema\/person\/175c8981af50e593000aa8ad7aab9d84"},"headline":"Home ownership is about to plummet for retirees \u2014 and younger Australians should take note","datePublished":"2019-04-13T02:41:12+00:00","mainEntityOfPage":{"@id":"https:\/\/propertynoise.co.nz\/au\/home-ownership-is-about-to-plummet-for-retirees-and-younger-australians-should-take-note\/"},"wordCount":184,"commentCount":0,"publisher":{"@id":"https:\/\/propertynoise.co.nz\/au\/#organization"},"image":{"@id":"https:\/\/propertynoise.co.nz\/au\/home-ownership-is-about-to-plummet-for-retirees-and-younger-australians-should-take-note\/#primaryimage"},"thumbnailUrl":"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2019\/04\/Home-ownership-rates-are-falling-fast-among-the-young-and-the-poor..jpg","keywords":["australia","Australians","first home buyers","Grattan Institute","Home ownership","house prices","property","property correction","property crash","property investment","property market","Property News","propertynoise","real estate","real estate agency","Real Estate News","retirement"],"articleSection":["Australian Property & Real Estate News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/propertynoise.co.nz\/au\/home-ownership-is-about-to-plummet-for-retirees-and-younger-australians-should-take-note\/","url":"https:\/\/propertynoise.co.nz\/au\/home-ownership-is-about-to-plummet-for-retirees-and-younger-australians-should-take-note\/","name":"Home ownership is about to plummet for retirees \u2014 and younger Australians should take note - Property News Australia","isPartOf":{"@id":"https:\/\/propertynoise.co.nz\/au\/#website"},"primaryImageOfPage":{"@id":"https:\/\/propertynoise.co.nz\/au\/home-ownership-is-about-to-plummet-for-retirees-and-younger-australians-should-take-note\/#primaryimage"},"image":{"@id":"https:\/\/propertynoise.co.nz\/au\/home-ownership-is-about-to-plummet-for-retirees-and-younger-australians-should-take-note\/#primaryimage"},"thumbnailUrl":"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2019\/04\/Home-ownership-rates-are-falling-fast-among-the-young-and-the-poor..jpg","datePublished":"2019-04-13T02:41:12+00:00","breadcrumb":{"@id":"https:\/\/propertynoise.co.nz\/au\/home-ownership-is-about-to-plummet-for-retirees-and-younger-australians-should-take-note\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/propertynoise.co.nz\/au\/home-ownership-is-about-to-plummet-for-retirees-and-younger-australians-should-take-note\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/propertynoise.co.nz\/au\/home-ownership-is-about-to-plummet-for-retirees-and-younger-australians-should-take-note\/#primaryimage","url":"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2019\/04\/Home-ownership-rates-are-falling-fast-among-the-young-and-the-poor..jpg","contentUrl":"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2019\/04\/Home-ownership-rates-are-falling-fast-among-the-young-and-the-poor..jpg","width":940,"height":627,"caption":"Home ownership"},{"@type":"BreadcrumbList","@id":"https:\/\/propertynoise.co.nz\/au\/home-ownership-is-about-to-plummet-for-retirees-and-younger-australians-should-take-note\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/propertynoise.co.nz\/au\/"},{"@type":"ListItem","position":2,"name":"Home ownership is about to plummet for retirees \u2014 and younger Australians should take note"}]},{"@type":"WebSite","@id":"https:\/\/propertynoise.co.nz\/au\/#website","url":"https:\/\/propertynoise.co.nz\/au\/","name":"Property News Australia","description":"Property News | Real Estate News | Australia","publisher":{"@id":"https:\/\/propertynoise.co.nz\/au\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/propertynoise.co.nz\/au\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/propertynoise.co.nz\/au\/#organization","name":"The Property Noise Group","url":"https:\/\/propertynoise.co.nz\/au\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/propertynoise.co.nz\/au\/#\/schema\/logo\/image\/","url":"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2017\/04\/Property-Noise-Australia.jpg","contentUrl":"https:\/\/propertynoise.co.nz\/au\/wp-content\/uploads\/2017\/04\/Property-Noise-Australia.jpg","width":1120,"height":160,"caption":"The Property Noise Group"},"image":{"@id":"https:\/\/propertynoise.co.nz\/au\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/PropertyNoiseNZ\/","https:\/\/x.com\/propertynoisenz","http:\/\/propertynoisenz"]},{"@type":"Person","@id":"https:\/\/propertynoise.co.nz\/au\/#\/schema\/person\/175c8981af50e593000aa8ad7aab9d84","name":"Property Noise Group","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/af2bf84b4d56686eb3a56198b9c42b70fbfd61e2345c6cdbe78ec64d72d424d1?s=96&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/af2bf84b4d56686eb3a56198b9c42b70fbfd61e2345c6cdbe78ec64d72d424d1?s=96&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/af2bf84b4d56686eb3a56198b9c42b70fbfd61e2345c6cdbe78ec64d72d424d1?s=96&r=g","caption":"Property Noise Group"}}]}},"_links":{"self":[{"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/posts\/18090","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/comments?post=18090"}],"version-history":[{"count":1,"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/posts\/18090\/revisions"}],"predecessor-version":[{"id":18092,"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/posts\/18090\/revisions\/18092"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/media\/18091"}],"wp:attachment":[{"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/media?parent=18090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/categories?post=18090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/propertynoise.co.nz\/au\/wp-json\/wp\/v2\/tags?post=18090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}