Elderly homeownership rapidly falls in Bay of Plenty, rental pool shrinks
29 Jan, 2021 05:30 PM
6 minutes to read
Susan Tutaki s dreams of owning her own home are long gone. While she always wanted to be a homeowner, soaring house prices and her inability to save while on a sickness benefit have left the 62-year-old with little hope of that happening.
And she s not alone.
According to independent research into housing affordability stress in Tauranga and the Western Bay of Plenty, commissioned by Accessible Properties, less than half of the people in the Western Bay of Plenty who turn 65 in the next five years will own their home.