Australia has an ageing population (15% in 2016 were 65 years or older), and by 2055 this proportion will increase to 22.9%. This presents both challenges and opportunities. It increases demand for primary health, aged care services and long-term care, requires a larger and better-trained workforce, and intensifies the need for environments and infrastructure to be age-friendly. It also has implications for the nature and quality of services and will affect economic output and governments’ budgets.
A variety of issues are likely to affect older Australians in the future:
- falling rates of home ownership and rising rental prices
- scarcity of community housing and lack of affordable downsizing options
- increasing numbers of older Australians retiring with a mortgage
- housing not suitable for the needs of older people
- inadequate supplies of suitable housing in their current community for older people to downsize.
RDAFCW engaged the services of Indigo Gold Pty Ltd to undertake a research paper to investigate solutions to meet the needs and wants of our ageing population in an economically sustainable manner. Read the full report here.