Powered by MOMENTUM MEDIA
realestatebusiness logo

Breaking news and updates daily. Subscribe to our Newsletter!

Home of the REB Top 100 Agents
Breaking news and updates daily. Subscribe to our newsletter

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Latest


Must Read


PM Tech Growth Sales Marketing Industry

Our Events


REB Awards

The REB Awards is back for another year, and celebrating a decade long journey of recognising the most exceptional...

LEARN MORE
VIEW ALL
Do you have an industry update?

top suburbs

12 month growth
Mirador
103.33%
Bawley Point
98.13%
Walla Walla
90.7%
Byron Bay
86.67%
Kiama Heights
85.93%
Greta
84.14%
Nulkaba
81%
South Hobart
78.78%
Diddillibah
76.25%
Lennox Head
73.98%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.

Housing affordability problem spurs innovative solution

By Staff Reporter
27 May 2015 | 1 minute read
Home Owner

A proposed housing scheme could make it easier for young and old Australians to find suitable homes at affordable prices.

New South Wales peak youth affairs body Youth Action has urged the state government to trial a ‘homeshare’ model it says has proven successful in other states and around the world.

The homeshare model would allow students or young workers to live for free or at subsidised rates with older Australians or people with disabilities in exchange for up to 10 hours of household assistance.

Youth Action managing director Katie Acheson said homeshare could address housing issues impacting on two diverse sectors of the community.

“Surging property prices have made it increasingly hard for many young people to find affordable housing close to their places of work and education,” Ms Acheson said.

A Youth Action survey of young people found 65 per cent of respondents still living in their family home felt they could not afford to move out.

“An ageing population has also seen a rise in the number of individuals or couples living in homes designed for a larger family, leaving much of our housing stock under-utilised,” Ms Acheson said.

“While these older Australians may be asset-rich, many are unable to afford to pay for assistance around the house that would allow them to age comfortably in their own home.”

Youth Action has recommended that the NSW Government provide funding and new legislation to allow for a pilot program to be run.

[Related: Government urged to take lead on housing reform]

Housing affordability problem spurs innovative solution
Home Owner
lawyersweekly logo

Tags:

Listen to other installment of the Real Estate Business Podcast
Do you have an industry update?

top suburbs

12 month growth
Mirador
103.33%
Bawley Point
98.13%
Walla Walla
90.7%
Byron Bay
86.67%
Kiama Heights
85.93%
Greta
84.14%
Nulkaba
81%
South Hobart
78.78%
Diddillibah
76.25%
Lennox Head
73.98%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.