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Retirees Downsizing Is Good in Theory but Doesn’t Make Fiscal Sense in Practice



Earlier this week the Sydney Morning Herald ran an article entitled Scott Morrison urges retirees to ‘free up larger homes for younger families.’ As I read the article, the logic seemed sound to me but the thought that kept popping into my head was what’s in it for the retirees to do this?

The comments from Scott Morrison came on the back of an analysis which found that New South Wales and Victoria were sitting on a glut of 100,000 underused houses.  Data from the 2016 Census showed that the population of Australia at the time of the Census was 23,401,892 persons and at the time there was at least 25,012,236 bedrooms.  Let me explain this analysis in some further detail; 39,769 households reported as having zero bedrooms,…

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