granny flat

As the Australian population continues to age, there is expected to be greater pressure on all areas of society, particularly income support, health and aged care. With many retirees expected to reconsider their accommodation requirements, financial advisers are likely to be faced with greater demand for information on alternative living arrangements. Granny flats are a popular form of aged care accommodation, with a number of social and economic advantages.

Over the next 40 years, the number of Australians aged 85 and over will more than quadruple — from around 400,000 in 2010 to 1.8 million by 2050, according to the Federal Government’s third intergenerational report. (Australian Government, 2010) This ageing population means more and more retirees will have to consider their living arrangements for the next stage of their life. As a person’s home has a huge impact on their health and happiness, it is essential all options are taken into account.