{"id":23396,"date":"2020-01-29T07:15:48","date_gmt":"2020-01-28T18:15:48","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=23396"},"modified":"2020-01-29T07:15:54","modified_gmt":"2020-01-28T18:15:54","slug":"australian-housing-how-multigenerational-living-is-effecting-the-property-market","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/australian-housing-how-multigenerational-living-is-effecting-the-property-market\/","title":{"rendered":"Australian housing: How multigenerational living is effecting the property market"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>PHOTO:  Grandparents Margaret and Jim, daughter Dana, and children Ava and Zach all live in a duplex together. <em><em>Source: Supplied<\/em><\/em><\/strong> <\/p>\n\n\n\n<p class=\"has-drop-cap wp-block-paragraph\"> <strong>More Australians are choosing to live with their extended family, for a multitude of reasons, and its having a broader effect on the property market. Here\u2019s why.<\/strong> <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Saving for a deposit, cashing in on childcare or rejecting retirement living \u2013 whatever the reason, more Australians are choosing to live with their extended family.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The ABS predicts the number of households with \u201cother related persons\u201d living at the one dwelling \u2013 which includes both older parents living with adult children, or grown children staying at home longer \u2013 will grow to around 800,000 by 2036.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Social demographer Mark McCrindle said the data also showed the average household size increased in the last census.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cAnd it\u2019s not because of an increasing birthrate, because that\u2019s actually declined a little bit over the last few years, it\u2019s because of the increasing number of people per household. Younger generations are either leaving home later or returning back to the parental home,\u201d he said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">READ MORE VIA<a href=\"https:\/\/www.news.com.au\/finance\/real-estate\/australian-housing-how-multigenerational-living-is-effecting-the-property-market\/news-story\/f431e5ccff7d69fd3cf45176879685be\"> NEWS.COM.AU<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PHOTO: Grandparents Margaret and Jim, daughter Dana, and children Ava<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/australian-housing-how-multigenerational-living-is-effecting-the-property-market\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":23397,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478108573,478108571,478108572,478102141,478102142],"class_list":["entry","author-data123nz","post-23396","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australian-living","tag-extended-family","tag-family-living","tag-multigenerational-homes","tag-multigenerational-living"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Australian housing: How multigenerational living is effecting the property market - Property News Australia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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