and a lot of cold beer in this current temperature. FIRST – I have to pay nearly $250 a quarter EXTRA on my rates purely because I rent out my house. Nothing extra offered, a simple and sole RORT. You'll probably pay more for maintenance. Continue to plan and save for your own retirement. $3 – – ??? Non-homeowners on age pension are eligible to receive $120 a fortnight, or $3120 a year, for rental assistance – at maximum level. At Retire-At-Home, one of our goals is to provide you with a consistent group of caregivers so that you can become comfortable and begin to develop relationships with the people who come to your home. In 2015, 817,300 Australians lived in social housing. FIRE. As a retiree you don't need a third or fourth bedroom. Cause there is nothing BUT dumps out there. Once you have some equity behind you, the impact of a critical life event will not be as severe.”, But the housing market now, said Sharam, was “kind of like a casino”: “You have people who put their money in and get nothing out and on the other side you get people who are suddenly wealthy.”. More than half the tenants in social housing are either aged 55 and older, or children the age of 14 and under. According to the ABS, the average housing cost of a homeowner aged 65 and over is around $38 per week, compared to $103 per week for those who live in social housing and $232 for private renters. Rule 2: Nail your number. That number is expected to rise to more than 606,300 people in 2030 and more than 832,300 in 2050. Tom Tank. That’s way to build a life you don’t have to retire from. See the World or Your Corner of It. imagine moving every couple of years til you die! Do you feel secure? Discontinue your landline telephone and acquire the cheapest possible cell phone plan. Thank Kevin Rudd for the influx when he opened the flood gates. A bedroom over a pub in Surry Hills is $350. Those cities are unaffordable for all but the really wealthy or the high salary earners. To some in north-east Melbourne, he's a confidant; an unlikely source of... As anyone who has braved a Christmas Eve shopping expedition can tell you, festive shoppers are a disorganised bunch. I would much rather own my own home and the consequences/expenses that go with it – and know I have complete “control” over my life etc. It is very foolish to take the ramblings of the ABS, or the Australian Council of Social Service as true, or even approaching anything like it. Will Brodie “As soon as you have an asset, your options open up – you have insurance in your life. One of the things I’ve noticed about getting older is that you don’t have as much energy as you did when you’re young. That?s $1,000 per month. The cooktop almost burnt out, dirty kitchen utensils stacked high looked like been there for months, smelly left-over food everywhere. Research by musicMagpie has listed the holiday season's most popular toys of... Getting rewarded for spending money you've already decided to spend sounds a bit far-fetched, doesn't it? YourLifeChoices sends daily newsletters, featuring news, information on retirement income and planning, travel, health, lifestyle and wealth, as well as opinion and updates specific to Australians aged over 50. $232 per week rent ? The image most people have of Christmas is not one of moderation; it's a dinner table trembling under the weight... YourLifeChoices is Australia’s longest established and most trusted digital publication and website for the 50+ audience, with a core focus on helping Australians navigate midlife and the retirement landscape. If you’re married, you can take up to $500,000 in profit from the sale of your residence tax-free; up to $250,000 if you’re single. So 2184, & $1500 to go for this year. It doesn’t take a genius to do the maths. Don't retire early, buy a home, or be a lawyer if you want to be happy, researchers say — here's why. Chocolate companies criticised for child slavery in supply chains.