Ageing Aussies want to stay put
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19/08/2010 5:30:00 AM
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More than 90% of home owners aged 55 and over want to stay in their homes for as long as possible, according to new research.
An Australian Housing and Urban Research Institute survey of 1,600 ageing home owners found the vast majority of home owners wanted to stay in the familiar surrounds of their own home, rather than elsewhere.
The survey also found 37% of older Australians did not want to live in a retirement village, even if they needed help.
In response to the survey, SEQUAL chief executive Kevin Conlon said equity release products provided these older home owners to tap into the stored wealth of their home in order to stay in their home.
However, he said seniors considering equity release products should find an adviser that has gained industry accreditation.
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