Retirees who rent in Australia today are being left behind. A new Grattan Institute report finds that two in three retirees who rent in the private market live in poverty.
And the report, Renting in retirement: Why Rent Assistance needs to rise, shows that the problem is set to get worse.
Home ownership is falling fast among poorer Australians who are approaching retirement. Between 1981 and 2021, home ownership rates among the poorest 40 per cent of 45-54 year-olds fell from 68 per cent to just 54 per cent.