Debt, Rent and Homelessness: An Insecure Future

Council on the Ageing (COTA) NSW has launched their research report Debt, Rent and Homelessness: An Insecure Future.

Debt, Rent and Homelessness: An Insecure Future

Debt, Rent and Homelessness: An Insecure Future

Released: 27-Nov-2018

Event Date: 30-Nov-2018 to

Council on the Ageing (COTA) NSW has launched their research report Debt, Rent and Homelessness: An Insecure Future, highlighting the housing challenges faced by home owners and renters over the age of 50 in the state.

An Insecure Future, combines findings from the 2017 COTA NSW housing survey as well as census data and other published reports, showing an increasing number of older people experiencing housing stress and instability.

COTA NSW CEO Meagan Lawson said that the findings in the report show a clear need for better provision of affordable, accessible and appropriate housing for older people.

“For many older people in NSW, housing security remains elusive,” said Lawson.

“There are a significant number of people experiencing mortgage and housing stress in our state as well as many relying on other people for their housing. Measures need to be implemented to help support older home owners and renters who are struggling,” Lawson said.

Key findings from the report include:

  • Of homeowners, 13% of people aged 50 and over were still mortgagees.
  • 15.3% of mortgagees never intended to pay off their mortgages.
  • 71.5% of renters estimated that they spent greater than 30% of their income on rent.
  • 21.1% of renters estimated that they spent greater than 60% of their income on rent.
  • The main source of income for 39.7% of renters in the private market was either the Aged or Disability pensions.  
  • 7.3% of respondents had relied on others for housing in the past 5 years.
  • There were no significant differences in the findings based on where you lived in the state.

The report was informed by the 2017 COTA NSW Housing Survey with more than 7,600 older people across the state taking part. The report follows the recent COTA NSW 2018 Engagement Report which asked older people across the state what issues matter most to them and a national survey by COTA Australia. COTA NSW’s 2019 Policy Platform Now is the time outlines key priorities in the lead up to the state election that address these issues.

The report, including COTA NSW’s recommendations, can be accessed below.


Debt, rent and homelessness: An insecure future 1183 KB


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