Why Australian Boomers Keep Large Homes Despite Downsizing Pressure
Why Australian Boomers Keep Large Homes Despite Downsizing Pressure
Many Australian boomers hold onto large homes to protect pension eligibility, delaying downsizing despite no longer needing the space. Selling homes risks losing pension benefits, influencing their decision to stay put. Younger Australians face housing affordability issues, relying on parents’ help to enter the market.
