The price gap between Sydney houses and units has more than tripled in the past 30 years, making the plight of the upgrader just as hard as their first crack at the market.
‘Grandparents need the backyard’: Boomers deepen housing crisis by staying in empty nests
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A well-located family home in Sydney has become a hotly contested prize. At auctions each weekend buyers fork out millions of dollars for one. But a growing share of those family homes are not actually occupied by families.
As the population ages and lifespans lengthen, older couples and singles are staying put in spacious dwellings for longer.
Rebecca Bissett, in striped shirt, with her family at her parents’ home in Hunters Hill.