While a majority of householders over 55 have thought about downsizing, only one in four have done it. What’s stopping them? Most simply can’t find a home in the right place that meets their needs.
Several large retailers and supermarkets have announced they are going to downsize to smaller stores.
Millions of older Australians live in houses that don’t safely meet their needs, but they’re not ready for a nursing home. Lack of suitable housing and the moving costs leave them with nowhere to go.
Retirees are often urged to downsize to free up suburban properties for the next generation and for higher-density development. What’s being ignored is the costs of moving into a unit or apartment.
Many large scale organisational changes end up as failures most of the time employers are blamed for being resistant to change. This may be convenient, but it doesn’t deal with the real issues.
The budget acknowledges the crisis of affordability for first home buyers, but fails to do enough about demand pressures on prices to put home ownership back within their reach.
While some forms of co-living seek to match modern lifestyles and a desire to downsize, other profit-driven models simply exploit a lack of affordable housing alternatives.
Australia’s housing stock is not meeting the demands of older Australians, according to a new report.
Malaysia Airlines is letting go 6,000 staff as it seeks to turn around its fortunes. But research shows downsizing on this scale doesn’t usually work.