Appropriate housing is key for health and wellbeing, as it provides not only security and stability, but autonomy and freedom to pursue other interests, keep connected and contributing to community.
After retiring, most people have their income linked to the federal government age pension, limiting the ability to increase income and assets, and making them vulnerable to changes in housing affordability. From 2013 to 2015, less than 1% of the properties sold in the Perth Metropolitan Area were considered affordable to very low income households (less than $42,850 p.a.).
There is a lack of stable and affordable housing options outside social housing for older people who cannot afford full home ownership. In 2018, for instance, less than 2% of available private rental properties in Perth’s metropolitan area were affordable and appropriate for a single person on an age pension. Less than 5% were affordable for a couple on an age pension.
At Connect Victoria Park, we’re committed to keeping rent as affordable as possible, and to investigating opportunities to expand our housing stock.
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