78% of retirement savings in family home REST Industry Super
A REST Superannuation study reveals that for Australians aged 65+, the family home accounts for 78% of retirement savings. At the same time life expecting is creeping to the mid 80s. If the average home is valued at say $500,000, this means most...
A REST Superannuation study reveals that for Australians aged 65+, the family home accounts for 78% of retirement savings. At the same time life expecting is creeping to the mid 80s. If the average home is valued at say $500,000, this means most retirees have just have $110,000 to live on for 20 years, or $100 per week on top of the pension of $250-$330 per week. This means the average retiree cant afford most new retirement villages which are priced at $400,000+. Affordable housing is inevitably the scale future for the sector.
