{"id":18112,"date":"2019-04-15T07:48:44","date_gmt":"2019-04-14T19:48:44","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=18112"},"modified":"2019-04-15T07:48:44","modified_gmt":"2019-04-14T19:48:44","slug":"home-ownership-in-retirement-expected-to-plummet","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/home-ownership-in-retirement-expected-to-plummet\/","title":{"rendered":"Home ownership in retirement expected to plummet"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong>PHOTO:\u00a0Home ownership provides retirees with big benefits.<\/strong><\/p>\n<p class=\"first-para\">Australia\u2019s retirement incomes system has been built on the assumption that most retirees would own their home outright. But new Grattan Institute modelling shows the share of over 65s who own their home will fall from 76% today to 57% by 2056 \u2013 and it\u2019s likely that less than half of low-income retirees will own their homes in future, down from more than 70% today.<\/p>\n<p>Home ownership provides retirees with big benefits: they have somewhere to live without paying rent, and they are insulated from rising housing costs. Retirees who have paid off their mortgage spend much less of their income on housing (on average 5%) than working homeowners or retired renters (25% to 30%). These benefits \u2013 which economists call imputed rents \u2013 are worth more than A$23,000 a year to the average household aged 65 or over, roughly as much again as the maximum pension.<\/p>\n<p>READ MORE VIA <a href=\"https:\/\/www.domain.com.au\/news\/retiree-home-ownership-is-about-to-plummet-and-soon-little-more-than-half-will-own-where-they-live-818543\/\">DOMAIN<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; PHOTO:\u00a0Home ownership provides retirees with big benefits. Australia\u2019s retirement<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/home-ownership-in-retirement-expected-to-plummet\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":18113,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478098521,478099632,478104576,478098519,478098535,478098513,478098873,478098579,478098510,478098514,478098511,478098509,478104590,478098643,478104589],"class_list":["entry","author-data123nz","post-18112","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australians","tag-economists","tag-grattan-institute","tag-home-ownership","tag-house-prices","tag-property","tag-property-investment","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-news","tag-retirees","tag-retirement","tag-retirement-incomes"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Home ownership in retirement expected to plummet - 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-in-retirement-expected-to-plummet\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Home ownership in retirement expected to plummet - Property News Australia\" \/>\n<meta property=\"og:description\" content=\"&nbsp; PHOTO:\u00a0Home ownership provides retirees with big benefits. Australia\u2019s retirementRead More &rarr;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/propertynoise.co.nz\/au\/home-ownership-in-retirement-expected-to-plummet\/\" \/>\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=\"2019-04-14T19:48:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/www.propertynoise.com.au\/wp-content\/uploads\/2019\/04\/Home-ownership-provides-retirees-with-big-benefits..jpg?fit=600%2C400&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\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-in-retirement-expected-to-plummet\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/home-ownership-in-retirement-expected-to-plummet\\\/\"},\"author\":{\"name\":\"Property Noise Group\",\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#\\\/schema\\\/person\\\/175c8981af50e593000aa8ad7aab9d84\"},\"headline\":\"Home ownership in retirement expected to plummet\",\"datePublished\":\"2019-04-14T19:48:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/home-ownership-in-retirement-expected-to-plummet\\\/\"},\"wordCount\":158,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/home-ownership-in-retirement-expected-to-plummet\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/propertynoise.co.nz\\\/au\\\/wp-content\\\/uploads\\\/2019\\\/04\\\/Home-ownership-provides-retirees-with-big-benefits..jpg\",\"keywords\":[\"australia\",\"Australians\",\"Economists\",\"Grattan Institute\",\"Home ownership\",\"house prices\",\"property\",\"property investment\",\"property market\",\"Property News\",\"propertynoise\",\"real estate\",\"Real Estate News\",\"Retirees\",\"retirement\",\"retirement incomes\"],\"articleSection\":[\"Australian Property &amp; 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