Legislation and lending guidelines needs to be changed to make it easier for young people to be able to qualify for home loans

by admin-acuityfund
Written Articles by Ranjit (91)
Posted on October 11, 2016

A report by Swinburne University revealed if a home buyer hasn’t bought a property by “mid-life”, defined as 45 to 49-years-old, there was a high likelihood they would not be able to at all.

It claims there are close to 426,000 Australians over the age of 50 renting either alone or with a partner. This figure is forecast to hit more than 800,000 by 2050.

“Housing is probably the key way of generating wealth, but people who are unable to purchase or fall out of home ownership will find that they don’t have as much wealth in retirement,” Swinburne University research fellow, and co-author of the report, Dr Andrea Sharam said.

Reference: http://short.ninem.sn/CntSzVN