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Homeownership drops, rising number of retirees staying in rentals

Author
Newstalk ZB,
Publish Date
Wed, 7 Aug 2024, 8:34am
(Photo / Getty)
(Photo / Getty)

Homeownership drops, rising number of retirees staying in rentals

Author
Newstalk ZB,
Publish Date
Wed, 7 Aug 2024, 8:34am

Age Concern is calling for a better variety of rental options as the age of tenants begins to increase.  

The office of the Retirement Commission is predicting the number of retirees in rentals will double by 2048 - meaning the sector will fill with more than 600 thousand over 65s. 

Age Concern Chief Executive Karen Billings-Jensen told Mike Hosking we need to figure out how to balance this increase and providing suitable options for ageing.  

She says there are lots of new houses being built, but most of the ones she sees in her area are two story homes. 

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