A Moroccan-bathhouse residential tower has been unveiled for Budds Beach, with Australian developer <a href="https://www.apartments.com.au/developers/homecorp">Homecorp</a> announcing plans for a $260 million resort-style project in one of the Gold Coast’s most tightly held waterfront precincts.

A development application has been submitted to the Gold Coast City Council for a 27-storey tower at 8-10 Acacia Avenue and 25-27 Oak Avenue, Surfers Paradise, marking one of the few new large-scale residential projects proposed for the precinct in more than a decade.

The project will comprise 156 two- and three-bedroom residences, anchored by a residents-only Moroccan spa-inspired wellness sanctuary featuring private treatment rooms, a traditional Nordic sauna and steam room, hot and cold plunge pools and a curated juice bar. There will also be a resort-style rooftop precinct, complete with a heated infinity pool and spa, a residents’ lounge with a private kitchen and bar, a contemporary fitness centre with a yoga and Pilates studio, and outdoor BBQ areas with entertaining lounges.

<img alt="8-10 Acacia Avenue and 25-27 Oak Avenue, Surfers Paradise" data-entity-type="file" data-entity-uuid="997f8dbb-4ed1-47e4-8780-d12a3d5cd0e9" src="https://s3.ap-southeast-2.amazonaws.com/www.urban.com.au/s3fs-public/inline-images/Article%20Feature%20Image%20%28Grid%29_3.png?VersionId=IsDJXxE8.HG92i4dnbmmPQi.fVXjME7I" />

"At Homecorp, we are driven by the pursuit of better - challenging expectations, thinking bigger and shaping communities that leave a lasting legacy," said Ron Bakir, CEO and Founder of Homecorp.

"This project draws on our experience and expertise to take what the market has been craving to the next level - a home that nurtures wellness, calms the mind and lifts the everyday stresses away. A home is more than a place you live, it’s where you rest, reset and find balance."

&nbsp;

Bakir says what sets the location&nbsp;apart is its rare, tightly held nature within one of the Gold Coast’s most vibrant lifestyle and entertainment precincts, yet quietly tucked away in a peaceful, beachside enclave.

"Budds Beach has remained exceptionally limited in supply over the past decade and this site presented an unmatched opportunity to deliver something truly special to both Surfers Paradise and the Gold Coast.”

Conveniently connected to major roads and the G:link, residents will enjoy easy access to Surfers Paradise, Broadbeach and Burleigh Heads, while still being just minutes from the city’s most iconic beaches and the Broadwater’s ‘golden mile’.

The 2130 sqm site acquisition adds to Homecorp’s growing Gold Coast multi-storey portfolio on the Gold Coast, following the success of Eve Residences in Labrador upon its completion in November 2024. In 2025, Eve earned multiple national accolades and went on to win ‘Best Oceanview Condo Development’ in the Asia Pacific region at the PropertyGuru Asia Property Awards Grand Final, outperforming entries from more than 13 prestigious international markets.

The company also commenced construction last year on the highly anticipated $250 million second stage of Cienna Varsity Ridge, set to deliver 289 residences by 2027 in the heart of Varsity Lakes, and launched the $210 million Florence Residences along Surfers Paradise’s Monte Carlo Avenue to the market, with construction kicking off last month.

"The property market is constantly evolving, particularly here on the Gold Coast, which continues to outperform national trends thanks to its unmatched lifestyle, natural beauty and growing infrastructure, especially ahead of the Brisbane 2032 Olympics. We are proud to be adding more homes to the skyline, creating spaces that are not only designed for liveability but also nurture wellness within. They are homes that are built to last a lifetime and beyond," concluded Mr Bakir.

The project is set to launch to the market later this year.

Joel Robinson

Homecorp lodges plans for $260 million Moroccan bathhouse-inspired tower in Budds Beach

What began as a leap of faith in the 1970s has evolved into one of the Gold Co​ast's most enduring development success stories. Raptis, now led by second-generation developer Evan Raptis, continues to shape the region's skyline four decades after patriarch Jim Raptis first ventured north from Sy​dney.

Jim Raptis began developing in Sy​dney in his 20s under the guidance of a seasoned mentor. After several successful joint ventures, he sensed untapped potential on the Gold Coast and made the bold decision to relocate. That instinct proved prescient, the Raptis family has contributed thousands of apartments to what was once purely a tourist destination and is now recognised as Australia's lifestyle capital.

[smartcode_project:default project_id=101620 project_image_fid=361818]

With decades of experience navigating the complex Gold Coast development landscape, Raptis maintains fully vertical integration, from site acquisition and construction through to marketing and sales strategies. This comprehensive approach has allowed the company to weather multiple market cycles and emerge well-positioned for the region's continued growth.

"We've seen the region change drastically over the last two decades, with that change accelerating in the last five years," says Evan Raptis. "The Gold Coast is becoming unrecognisable. There are some exciting projects happening up and down the coast. The Spit is being talked about as Australia's version of Monaco, with billions in development underway."

Unlike the volatile pre-GFC years that rocked the Gold Coast market, Raptis believes the region has matured considerably. "Demand remains strong, but the market is now settled and stable."

[smartcode_project:default project_id=101620 project_image_fid=361823]

While the company recently completed Pearl Main Beach, an 84-apartment development just 53 steps from the sand, Broadbeach has truly been home for the Raptis family.

"There's nothing Broadbeach doesn't have," Raptis says. "There's always a new café or restaurant coming into the neighbourhood, and the redevelopment of the Niecon Plaza, bringing nearly 5,500 square metres of retail, dining and office space, will only elevate Broadbeach even further."

[smartcode_project:default project_id=101620 project_image_fid=357483]

The suburb has reached what Raptis describes as a "settled phase" of its evolution, with owner-occupiers and repeat visitors increasingly shaping demand rather than traditional investors.

The company's latest Broadbeach project, Sterling, is now constructed to level 22 and scheduled for handover in June 2026. With approximately 70 per cent of apartments already sold ahead of completion, the development has attracted a distinct buyer profile.

[smartcode_project:default project_id=101620 project_image_fid=361821]

"We're seeing significant interest from lock-up-and-leave buyers and downsizers," Raptis explains. "Some use the apartments over Easter or Christmas, while others come down from Brisbane on weekends. They aren't your typical 'investors' who will put the apartments up for permanent rental."

Sterling offers prospective buyers a rare advantage: fully completed display apartments showcasing several two- and three-bedroom configurations, something few off-the-plan developments can provide.

With another Broadbeach project in the pipeline, Raptis emphasises that the next chapter is about maintaining standards rather than pursuing growth at any cost.

"We've been building for over four decades, and our track record matters. Our focus remains the same: deliver what we build, stay close to the details, and delivering a finished product that hopefully exceeds our clients' expectations."

[smartcode_project_cta:default project_id=101620]

It’s all in the family: Four decades later, Raptis continues to shape the Gold Coast skyline

JWLand has completed the final residential stage of its Lyneham precinct, Northbourne Village, with De Burgh now welcoming residents who have begun settling into their new homes.

A selection of the 350 studio, one, two, and three-bedroom apartments remains available within the two-building <a href="https://www.apartments.com.au/buildings/de-burgh-at-northbourne-village-40-de-burgh-street-lyneham-act-2602">De Burgh</a>, which occupies a prominent position along Northbourne Avenue.

[smartcode_project:default project_id=139989 project_image_fid=359152]

The apartments at De Burgh have been configured to prioritise natural light, privacy, and usable outdoor space, with ground-floor homes featuring private courtyards and upper-level apartments opening to generous balconies. Double-glazed windows are standard across the development, supporting acoustic comfort and improved energy performance.

Kitchens are fitted with Fisher &amp; Paykel appliances, while all residences include ducted reverse-cycle air conditioning integrated with app-based controls, allowing residents to manage lighting and climate remotely. These inclusions reflect a broader focus on durability, efficiency, and everyday functionality rather than short-term finishes.

[smartcode_project:default project_id=139989 project_image_fid=356280]

Shared amenity is delivered through a resident gym, rooftop garden, lounge spaces, parcel lockers, and landscaped communal areas that connect De Burgh to the wider Northbourne Village environment.

Nick Babic, Marketing Project Manager at JWLand, said the completion of De Burgh gives buyers a level of certainty that off-the-plan purchases cannot always provide.

“There’s no need to wait or play guessing games. You can come and see the spaces firsthand, and genuinely picture yourself living there today. That includes not only the apartments, but the amenities as well. It’s easy to imagine enjoying a coffee in the central courtyard or spending time with other residents in the lounge.”

The completed status of the project aligns with strong buyer demand for finished stock, particularly among first home buyers, young professionals, and downsizers seeking certainty around timing and cost.

[smartcode_project:default project_id=139989 project_image_fid=356282]

With pricing ranging from $463,000 to $1.588 million, much of the offering sits within reach of buyers looking to enter the Inner North apartment market.

De Burgh’s location underpins its buyer appeal, positioned approximately 600 metres from the light rail and three kilometres from Canberra’s CBD, with direct access to <a href="https://www.apartments.com.au/developments/lyneham-act-2602">Lyneham</a> wetlands, Sullivan’s Creek parkland, and the established hospitality and retail precincts of Lyneham and Dickson.

[smartcode_project_cta:default project_id=139989]

Canberra's newest apartment building: JWLand completes De Burgh at Northbourne Village

One of Victoria’s largest private developers, Central Equity, has commenced construction on Palmera, its $1 billion luxury residential development at Northcliffe on the Gold Coast, appointing Tier 1 builder Multiplex to deliver the project.

The fast-track to construction is being undertaken ahead of Central Equity officially launching the project to market.

The company says the move reflects its confidence in both the calibre of its offering and the Gold Coast’s long-term fundamentals, underpinned by one of Australia’s strongest growing economies, continued population growth and sustained infrastructure investment.

A diversifying employment base across health, education, professional services and tourism has helped insulate the local economy from volatility, while limited new supply in established coastal locations continues to support demand from owner-occupiers and downsizers seeking long-term lifestyle value.

<a href="https://www.apartments.com.au/new-apartments/palmera-residences-18-garfield-terrace-surfers-paradise-qld-4217">Palmera</a> is being constructed in the prestigious Northcliffe residential neighbourhood on an expansive 3,239 sqm site. It is located at 18 Garfield Terrace near the Northcliffe Surf Life Saving Club and the patrolled Northcliffe surf beach, situated between Broadbeach and Surfers Paradise.

[smartcode_project:default project_id=108274 project_image_fid=361249]

Offering a mix of spacious three-bedroom apartments over 52 levels, Palmera is designed to deliver a full suite of premium residences to buyers looking for the ultimate coastal lifestyle that the Gold Coast has to offer.

The project’s premium apartments will deliver northern views across the Surfers Paradise beachfront and extending all the way around to Burleigh Heads and beyond.

Palmera will be crowned by its top four levels, being a limited collection of penthouses and skyhomes that further elevate the residential offering through generous proportions and uninterrupted panoramic views.

[smartcode_project:default project_id=108274 project_image_fid=361246]

The appointment of Multiplex as the builder represents a major milestone for Palmera and cements Central Equity’s commitment to the Gold Coast after delivering more than 85 residential projects over the past four decades. It will be the 20th project collaboration between Central Equity and Multiplex.

“The commencement of construction at Palmera marks a major milestone for the project, with Tier 1 builder Multiplex appointed to deliver the development in the highly sought-after Northcliffe residential precinct on the Gold Coast,” said Central Equity Executive Director Karl Kutner.

“Our commitment to commence immediate construction is in line with our resounding confidence in the Gold Coast over the long term. The city has evolved and proven to be one of Australia’s most dynamic and resilient property markets in recent years.”

[smartcode_project:default project_id=108274 project_image_fid=361250]

Multiplex, one of Australia’s largest builders, has been shaping skylines and delivering iconic projects around the world since 1962. In that time, the Tier 1 global contractor has delivered projects with a combined value of more than US$130 billion.

“Having worked with Multiplex on many previous developments, we are pleased to be extending our relationship further with Palmera,” Kutner added.

“Multiplex brings an unparalleled depth of experience to ensure that Palmera fulfils the vision we have laid out for this strategic location and is delivered to the highest standards,” he said.

Multiplex Regional Managing Director Michael Sinclair said Multiplex was delighted to be aligning with Central Equity yet again.

“Central Equity is creating a stunning new addition to the Gold Coast skyline, and we look forward to bringing their vision to life with a world-class construction team and program. We are proud to be working alongside Central Equity on our 20th project together.”

Palmera has been designed by Marchese Partners, with interiors by DBI.

[smartcode_project:default project_id=108274 project_image_fid=361247]

Residents will have private access to extensive, state-of-the-art amenities, featuring two large pools including a generously scaled, family-friendly pool with safe shallow zones, and a 25-metre lap pool facing the western side, ensuring maximum sunlight all day.

Also available exclusively to residents is a sauna, magnesium pool, yoga studio, expansive gym, resident lounge, outdoor BBQ and dining areas. Residents will also be welcomed by concierge and luxurious entry foyer.

Located on Garfield Terrace in Northcliffe, Palmera enjoys a prime coastal position just moments from the patrolled Northcliffe beach and the G:link light rail, providing effortless connectivity along the Gold Coast’s beachfront suburbs, linking the Gold Coast University Hospital in the north with Nobby beach and Burleigh Heads to the south once the extension completes later this year.

[smartcode_project_cta:default project_id=108274]

Central Equity unveils Palmera on Garfield Terrace, Surfers Paradise

The idea of a low-maintenance forever home located close to the city were the two driving factors behind a recent purchaser’s journey at Murcia, the under-construction East Brisbane apartment development by Sarazin.

Last year, Lois and her husband purchased a two-bedroom plus multi-purpose room (MPR) apartment in the new building, which is being constructed by Hutchinson Builders and is on track for completion in late-2027.

[smartcode_project:default project_id=135094 project_image_fid=341638]

The couple’s number one priority was to remain within easy commuting distance of the city for work. Murcia is positioned alongside the new Cross River Rail, with Woolloongabba Station just 300 metres from the front door.

They are currently living in their Annerley unit, which they have owned for several years, after recently moving out of their inner-city apartment, located on the very same street as Murcia.

“We had watched the development for a long time, and when construction activity began, that’s when we felt confident to buy,” Lois said.

[smartcode_project:default project_id=135094 project_image_fid=356540]

The timing also made sense. By moving back into their Annerley unit, they are able to save money ahead of settlement, while looking forward to returning closer to the city once Murcia is complete.

“We see Murcia as a forever home, as opposed to an investment, or something we need to appreciate massively in value and move on from in a few years,” Lois said.

“We secured an apartment large enough to grow a family, so we’re expecting to call Murcia home for a very long time.”

The couple plan to grow their family, but without the added maintenance demands of owning a standalone house further from the city. Working with Sarazin and architect HAL, they were able to slightly tweak the floorplan, converting the two-bedroom plus MPR layout into a functional three-bedroom apartment.

An added bonus was the recently revised communal space plans, which now incorporate a dedicated working-from-home area, complete with work pods, and shared desks.

“It means the third bedroom doesn’t have to become a part-time office and part-time bedroom,” Lois said, adding that residents have the benefit of working from home without actually being inside their apartment.

The rooftop wellness amenity was another standout compared to living in an established complex or a house. A signature feature of Sarazin developments, the rooftop will include a full gym, hot and cold plunge pools, a steam room and sauna, and a hotel-style pool with cabanas.

[smartcode_project:default project_id=135094 project_image_fid=214682]

Buyer journeys can vary significantly, from purchasing in the established market to buying new, or choosing between houses and apartments. Lois said they knew immediately that buying off the plan was right for them.

“We wanted something new, with less maintenance, and we weren’t quite ready to make the full financial leap straight away. The timing and deposit structure gave us the flexibility we needed.”

Designed by HAL Architects and inspired by the Spanish city of Murcia, the development takes a Mediterranean-influenced approach to architecture and landscaping, with a strong emphasis on shared spaces.

“The design feels considered, the amenities support how we actually live, and the location keeps us connected to the city without feeling right in the middle of it.”

Murcia is Sarazin’s second development in the area, following the completion of Silk One just up the road in 2022. They have several more projects coming to market in Woolloongabba ahead of the 2032 Brisbane Summer Olympics.

[smartcode_project_cta:default project_id=135094]

Close to the city, built for the future: Inside a growing family’s move to Murcia in East Brisbane

Generational Living

<html><body>
Older Australians desperately want to avoid the private rental market with 80% instead pursuing hopes of suitable ownership options, according to recent research.
But the housing supply is not meeting the needs of older Australians, the report from the Australian Housing and Urban Research Institute (AHURI) found. 
Older NSW home owners aspire to remain in home ownership, preferring to live in three-bedroom separate dwellings in Sydney's middle to outer suburbs. 
There is a smaller preference to reside in small regional towns or large regional cities.
Those aged 75 and over were more likely to have a preference for the inner suburbs.
Few aspired to live in the CBD. And only 2% wanted a one bedroom apartment.
While the number of bedrooms, building quality and dwelling type are important, safety and security and having somewhere that feels like home are more critical for older Australians.
The number of older Australians increased by almost three million between 2006 and 2016, while the Australian Bureau of Statistics estimates the number of older Australians will more than double from 5.8 million in 2012 to 14.1 million in 2062.
The survey results from AHURI follows recent accompanying research that shows mortgage debt obligations for older Australians is a growing concern, rising from $27,000 in the 1980s to $186,000 more recently.
Since 2006, the proportion of outright owners has fallen in the 55–64 year group, with falls still significant, but less dramatic, among those aged 65 or over.
Around 35% of 55–64-year-olds have a mortgage compared to 8% of those over 75.
Policy innovation is severely lacking in delivering the housing and housing assistance required to meet the aspirations of later-life Australians, AHURI has concluded.
"Current patterns of housing supply are not meeting the diverse needs of older Australians with too many apartments and large separate dwellings and not enough mid- sized product," the Older Australians and the housing aspirations gap report, lead by James Rowley, noted.
The Australian Housing Aspirations survey collected responses from 2400 responses from older Australians.
The report urges the better matching of new housing supply to aspirations to meet the demand for two and three-bedroom houses (including attached) located in high level amenity locations.
Social connections within the community, walkability, quality public transport, access to services and amenities and proximity to family and friends are important.
While large back gardens are less important to older Australians, some outdoor space was considered important.
"Dwellings need to be designed with older Australians in mind, which includes being easily adaptable when required," the report said. 
"Strategic planning needs to deliver outcomes that reflect the demand for smaller houses within established suburbs and move away from a mind-set that apartments are the only solution to delivering smaller dwellings.
"Regional locations also need a greater diversity of dwelling product.
"Small regional towns were a popular aspiration of older Australians, but there needs to be a range of products available in these locations to meet demand."
The report also noted delivering low cost, low deposit ownership products, through shared ownership or through a land rent type scheme, could deliver the safety, security and control characteristics of home ownership sought by older Australians.
Any Federal Government initiatives that seek to reduce financial penalty via taxation in later years to enable housing transitions, are generally supported by the research.
</body></html>

jchancellor-FAypfDUnLy

Older Australians overwhelmingly prefer home ownership to renting

<html><body>
Mortgage debt obligations for older Australians is a growing concern. 
The average mortgage debt of those aged 55 and older has grown by almost seven times since the late 1980s, according to research by the Australian Housing and Urban Research Institute (AHURI).
Their mortgage debt, after accounting for inflation, rose from $27,000 in 1987 to $186,000 to 2015.
Back in 1987, only 14% of Australians over 55 had a mortgage.
But it doubled to 28% by 2015, AHURI found.
There has been a severe increase in repayment risk, although low interest rates have mitigated the level of current concern.
The mortgagor older population is more prone to material deprivation than outright property owners.
Nearly 8% of older mortgagors have been unable to pay their utility bills on time between 2006 and 2016, compared to around 3% of outright owners.
The blow-out has been made worse by the practice of redrawing equity on their home loans and also extending the length of their home loans.
Between 1987 and 2015, the growth in mortgage debt outstripped both house price and income growth among older mortgagors.
With reduced incomes approaching and on retirement, the average mortgage debt-to-income ratio was 71% in 1987, and 211% by 2015.
The research by found mortgage indebtedness was uncommon among the 55–64 cohort as recently as the 1990s.
The report's lead author, Rachel ViforJ, professor of economics at Curtin University, says these days the mental health effects on the older Australians with mortgages are "comparable to those resulting from long-term health conditions".
The Curtin and RMIT research concluded when older mortgagors experience difficulty in meeting mortgage payments their wellbeing declines. It's more so for women than men. Single status, marital breakdown, ill health and poor labour market engagement all adversely affect women’s mental health more than men.
"There is already significant concern in policy circles about older people’s vulnerability to poverty, particularly single elderly women, who have longer life expectancies than men, but lower superannuation balances," the report noted.
Older retired mortgagors are increasingly drawing down their limited superannuation balances.
As their average superannuation balances tumbled from $471,000 to $271,000 between 2010 and 2014, average equity stakes in their property rose from $621,000 to $667,000. 
The ARUHI modelling predicts an "increasingly tenure polarised seniors population".
Outright ownership will remain an important but weaker pillar supporting living standards in old age.
Outright ownership status will be attained later in life and with lower incomes.
The projections suggest that 1.88 million older Australians could be in before-housing poverty in 2031.
This count falls by 730,000 to 1.15 million on an after-housing cost basis.
The report urges long-term planning for a mortgage debt repayment strategy.
It may prove especially worthwhile for those particularly "vulnerable to biographical disruption, or with weak labour market engagement, or those with higher levels of debt throughout their life course as financial innovations enabled home owners to draw down on the wealth stored in their family home without moving".
Downsizing is, of course, one obvious strategy.
But the report warns stamp duties, pension income and the asset means tests that penalise downsizers, along with a lack of suitable smaller dwellings in the neighbourhoods of older empty nesters and lone persons households, are important issues for state and federal governments.
Home ownership has often been dubbed the fourth pillar of the retirement incomes system.
However, this pillar may be crumbling due to rising mortgage indebtedness, the report concludes.
This article first appeared in The Daily Telegraph. 
</body></html>

Mortgage debt for older Australians is a growing obligation

<html><body>
EXPERT OBSERVER
Every other year, retired couple Jorg and Jan journey some 5,000 kilometres in their campervan from Port Fairy in southeastern Australia to Broome in the far northwest for a change of lifestyle and scenery. There they catch up with other couples from across the nation, who often converge on the beach for communal dinners. Jorg and Jan’s break lasts several weeks.
They are two of tens of thousands of retired adults travelling independently across the continent at any given time in search of adventure, warmer weather and camaraderie after a lifetime of hard work. These part-time nomadic adventurers, or grey nomads, have recast the image of Australia’s ageing population. Rather than being inert and conservative, or in need of care, these older Australians are champions of a radical type of urbanism: dwellings are mobile, infrastructure is portable or pluggable, social networks are sprawled, and adherents are on the move daily or weekly.
<a href="https://images.theconversation.com/files/243372/original/file-20181101-78450-2er13y.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=1000&amp;fit=clip"><img src="https://images.theconversation.com/files/243372/original/file-20181101-78450-2er13y.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""> </a>Nomads driving along Meelup Beach Road near Dunsborough. Image courtesy of Tourism Western Australia
<a href="https://en.wiktionary.org/wiki/grey_nomad" target="_blank">Grey nomad</a> is a term used to describe Australians over 55 years old who travel for an extended time – from weeks to months – and cover more than 300 kilometres in a day across semi-arid and coastal Australia. The term was popularised following the 1997 Australian documentary <a href="http://www.decembermedia.com.au/grey-nomads/" target="_blank">Grey Nomads</a>, which captured the phenomenon of older travellers who made their homes wherever they parked.
<h2>What is the scale of grey nomadism?</h2>
Travellers, including grey nomads, contribute to a “roaming economy”: decentralised dwelling results in decentralised spending. The Western Australian government estimated in its <a href="https://www.tourism.wa.gov.au/Publications%20Library/About%20Us/Caravan%20and%20Camping%20Snapshot%202016.pdf" target="_blank">Caravan and Camping Visitor Snapshot 2016 report</a> that 1.54 million domestic visitors spent time in caravans or camping, contributing more than A$1 billion to the state economy.
According to the Campervan &amp; Motorhome Club of Australia, <a href="https://members.cmca.net.au/content/govind" target="_blank">RV drivers spend an average of $770 per week</a>. And their value to a remote place extends beyond economic capital to human capital. Grey nomads often provide labour (such as gardening, house-sitting or their pre-retirement professional skills) in exchange for a place to park or for extra income.
<img src="https://images.theconversation.com/files/243368/original/file-20181101-78474-1toa99c.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt="">  Nomads relax at a caravan site in Esperance. Image courtesy of Tourism Western Australia
The availability of caravan parks, campsites and public parking reserves is essential to attract the grey nomad to regional towns. According to a 2012 report for Tourism WA, <a href="https://www.tourism.wa.gov.au/Publications%20Library/Industry%20Support%20and%20Opportunities/The_Brighthouse_report_June_2012_v2.pdf" target="_blank">A Strategic Approach to Caravan &amp; Camping Tourism in Western Australia</a>, the state had a total of 37,369 campsites at 769 locations. In addition, remote private properties are becoming available through apps such as <a href="https://www.wikicamps.com.au/" target="_blank">WikiCamps Australia</a>.
But while many nomads go off-grid, carrying their solar panels and generators, others are just looking for free reserves to park in. Beyond the site and its amenities – such as power, water, showers or flushing toilets – qualities such as “authenticity” are important to nomads, as <a href="https://ro.ecu.edu.au/cgi/viewcontent.cgi?referer=https://www.google.com/&amp;httpsredir=1&amp;article=1155&amp;context=theses_hons" target="_blank">highlighted by Mandy Pickering</a>. Sites should feel remote rather than urban.
<h2>Will future generations be as fortunate?</h2>
The rise of the grey nomad over the past half-century has been made possible through the ability of ageing Australians to fund this retirement lifestyle. They might sell their houses (some may simply benefit from having secure accommodation), withdraw their superannuation or receive government benefits. Nomadism is a reward after a lifetime entangled in an economic and social system that keeps the individual tied to a stable workplace and place to live.
<img src="https://images.theconversation.com/files/243370/original/file-20181101-78471-1mo3fk9.jpg?ixlib=rb-1.1.0&amp;q=45&amp;auto=format&amp;w=754&amp;fit=clip" alt=""> Aerial view of Osprey Campground near Ningaloo Reef. Image courtesy of Tourism Western Australia
For future generations, the outlook in terms of grey nomadism being a viable retirement lifestyle is not especially bright. <a href="https://theconversation.com/home-ownership-foundations-are-being-shaken-and-the-impacts-will-be-felt-far-and-wide-91664" target="_blank">Home ownership is sliding out of reach</a> for many younger people. And many are enmeshed in the gig economy, meaning they are not receiving employer superannuation contributions.
Future generations may be so much in debt or living in such straitened circumstances that they cannot retire to a life of leisurely travel.
While grey nomadism might not be a sustainable model in the future, the lifestyle demonstrates how future generations of nomads – not necessarily grey – can live cheaply while populating regional centres for weeks or months, bringing economic and human capital to these remote places. These nomads will be able to work on their laptops in the public libraries, cafes, share houses and co-working spaces of country towns, accessing work remotely through cloud-based telecommunications.
They might not come in campervans but be dropped off in driverless vehicles; vacant campsites might become sites for small cabins. Or, as these nomads will be looking for temporary accommodation, spare rooms or entire houses might be made available. To find these dwellings, they might use apps that bring great efficiency to managing housing occupancy, enabling the “sharing” (renting) of unoccupied space for days, weeks or months.
Are regional towns ready to embrace these “emerging nomads” who are attracted by affordable living costs, network coverage, fast internet speeds, great weather, temporary housing options and unique regional identities, as the grey nomads were before them?
Grey nomads are recognised as a group that requires distributed infrastructures. They demonstrate a capacity for domesticity and urbanity without boundaries. The grey nomads are the precursor to a new generation that might not only want to travel, but need to in an economic environment that is not static or stable. And that will mean they can no longer afford to stay in one place.
This article was co-authored by Amelia Borg, a director of Sibling Architecture and a Masters of Business student at the University of Melbourne.
The Conversation is co-publishing articles with <a href="http://www.alva.uwa.edu.au/community/futurewest" target="_blank">Future West (Australian Urbanism)</a>, produced by the University of Western Australia’s Faculty of Architecture, Landscape and Visual Arts. These articles look towards the future of urbanism, taking Perth and Western Australia as its reference point, with the latest series focusing on the regions. You can read other articles <a href="https://theconversation.com/au/topics/future-west-30248" target="_blank">here</a>.
<a href="https://theconversation.com/profiles/timothy-moore-292089" target="_blank">Timothy Moore</a>, PhD Candidate, Melbourne School of Design, <a href="http://theconversation.com/institutions/monash-university-1065" target="_blank">Monash University</a>
This article is republished from <a href="http://theconversation.com" target="_blank">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/grey-nomad-lifestyle-provides-a-model-for-living-remotely-106074" target="_blank">original article</a>.
</body></html>

jrobinson-rf4aSBido9

Grey nomad lifestyle provides a model for living remotely

<html><body>
GUEST OBSERVATION
An increasing number of older Australians are living in share housing. A relatively new group to emerge on the share-housing scene, they are choosing to share for financial reasons, but finding unexpected social benefits.
Share housing has traditionally been associated with student housing and media depictions of the share house as dysfunctional, chaotic, “He Died with a Falafel in His Hand” scenarios. But a growing number of older people are sharing housing.
This trend is part of the growth in share housing across an increasingly broad demographic as professionals aged in their 30s, 40s and onwards continue to share house or return to share housing into later life. Generation Rent is fast becoming “Generation Share”.
The growing trend of share households is attributed to a combination of shifting social norms and a decline in affordable rental properties. This is particularly acute in our capital cities but is also evident in regional centres.
An emerging group of tenants – professionals, couples, young families and students – who cannot afford to buy or rent an entire property of their own are increasingly turning to shared occupancy as a way to afford housing. Home owners are also noted as a group for whom shared occupancy has benefits by generating extra income for mortgage repayments.
Tight budgets affect all ages
My research on share housing across all age groups shows it’s mainly driven by financial constraints. In older age, the experience of this is gendered. Although older men are sharing, women in particular are more vulnerable to significant financial constraints in old age.
Women are the fastest-growing group at risk of homelessness in Australia. Many have limited superannuation to draw upon due to time out of the workforce to raise children or manage the home. This means the ramifications of the gender wage gap are particularly visible in older life – to quote one participant, “a man is not a superannuation”.
A common scenario is people falling out of home ownership after divorce or a relationship breakdown. Without the family home and with limited material assets, share housing is one of a diminishing set of options for living affordably and securely.
Share housing has its challenges
Moving into share housing in later life can be an adjustment. Many older people are in share housing for the first time in their life, having previously owned their own home.
There are obvious social challenges inherent in this situation. These include learning to negotiate domestic spaces in new ways. And certainly many are vulnerable to being exploited by unscrupulous flatmates, head tenants, or landlords.
Similar to share-housing experiences among younger groups, older participants mentioned occasional household conflicts and were aware of the need for personal space.
But there are also social benefits
However, some also reflect positively on the social value of share housing. This has been an unexpected benefit for many of them. At an age when isolation and loneliness increase, this is particularly important.
Older residents value the social aspects and the new friendships that sometimes develop in share houses. Flow-on effects of this include an increase in their sense of safety and security, knowing that they are not alone should anything untoward happen.
Long-term policy challenges loom
Although share housing in older age has social benefits, its rise should prompt us to reflect critically on Australia’s housing market as well as rethinking retirement policy. Share housing is directly correlated to declining housing affordability.
These trends highlight systematic disinvestment in public and social housing for the past 30 years as well as a market that has encouraged housing as a site of investment. The result is a system that has produced housing as a site of profit rather than housing as a site of home.
For older people, the situation is particularly complex. Australia’s retirement policies promote home ownership as the pathway to a financially secure old age. That leaves the growing number of older Australians who don’t own their own home to experience increased financial stress.
The Australian Dream of the owner-occupied home is quickly becoming that – a dream rather than reality for many Australians. The cracks are starting to show. As people fall out of home ownership and the younger generations doubt they’ll ever own a home – they’re not called Generation Rent for nothing – Generation Share will present significant challenges for policy.
Sophia Maalsen, I.B. Fell Postdoctoral Researcher, School of Architecture, Design and Planning, University of Sydney
This article is republished from <a href="http://theconversation.com" target="_blank">The Conversation</a> under a Creative Commons license. Read the <a href="https://theconversation.com/generation-share-why-more-older-australians-are-living-in-share-houses-107183" target="_blank">original article</a>.
</body></html>

j.ballantyne1990-6AQqhLzZaK

Why more older Australians are living in share houses: Sophia Maalsen

<html><body>
Fifty five percent of first home buyers worry they’ll never own a home and for many the prospect is taking an emotional toll.
The findings come from a new study of 1,000 wannabe home owners by industry super fund-owned bank ME, in conjunction with clinical psychologist, Elizabeth Neal.
According to the study, as a result of not owning a home:
<ul>
<li>46 percent feel inadequate</li>
<li>43 percent self-blame, feeling they’ve made bad decisions financially or with money management</li>
<li>43 percent can’t imagine feeling fulfilled without owning a home</li>
<li>39% feel they have nothing to look forward to</li>
<li>38 percent feel envious or jealous when others reach the property ladder before them, rising to 50 percent of Gen Ys</li>
</ul>
Study co-author, Elizabeth Neal said negative emotions stemming from non-home ownership are understandable.
“Property is such a hot topic in Australia with constant reminders everywhere you turn, so it's unsurprising many feel somewhat cynical and experience low self-worth as a result.
“Worries about non-home ownership can easily turn into feelings of inadequacy or humiliation when we’re reminded every day – whether it’s through the media, friends and family, or via social media.
"I’m not surprised half of Gen Y’s who don’t own a home feel the most envious or jealous when others get on the property ladder before them – Instagram and Facebook feeds are likely to be dotted with photos of acquaintances smiling proudly outside their first home.
“But before you question your own life-decisions, remember every person’s situation is different,” said Ms Neal.
ME Head of Home Loans, Patrick Nolan, said “despite affordability pressures the ‘Great Australian Dream’ remains embedded in many Australians’ mindsets.
“The unfortunate reality is house prices have more than doubled in the past 15 years through several supply and demand factors.
“For those still striving to get their foot on the ladder, it’s important to stay positive and to consider alternative strategies, like buying an investment property, a unit instead of a house, joining forces with friends or family, or looking to neighbouring suburbs where properties may be cheaper.
ME’s research found Gen X was the hardest hit when it comes to the emotional toll of not owning a home.
Sixty eight per cent of Gen X respondents felt worried they won’t be able to get into the property market; 58% said they feel inadequate; 53% blame themselves and feel they’ve made bad decisions financially or with money management; and 35% said they felt humiliated; all significantly higher proportions than other generations.
Neal said the reason Gen X is hardest hit is related to their life stage.
“The need for security is fundamental to the human condition and our sense of belonging.
It goes back to Maslow's hierarchy of needs – physical safety is the base need, followed by our social and emotional needs.
“Gen Xers are at the ‘settling down’ stage of their lives and security has become a higher priority.
This generation grew up with the assumption that buying property is integral to becoming an adult.”
Some respondents saw positives in non-home ownership.
According to the study, as a result of not owning a home:
<ul>
<li>42 percent said they feel like they have the freedom to explore other opportunities and grow in other areas</li>
<li>34 percent feel liberated; like they have greater freedom</li>
<li>33 percent said it enables them to lead a better lifestyle</li>
</ul>
Nolan said not owning a home certainly doesn’t mean you’ve run out of options to build wealth.
“Housing is unaffordable in many parts of the world but people continue to find other ways to invest their savings to build wealth for the future, like contributing more to superannuation or using the monthly savings they might have paid to a mortgage for another type of investment.
“Australians have become fixated by property as a means of building wealth and it’s worth talking to a financial expert to understand and explore your options.
For many people not owning a home just opens another door.”
Reported negative impacts of not owning a home
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="286">
 
</td>
<td valign="top" width="36">
Total
</td>
<td valign="top" width="52">
Gen Y
</td>
<td valign="top" width="52">
Gen X
</td>
</tr>
<tr>
<td valign="top" width="286">
I have felt worried that I won’t be able to get into the property market
</td>
<td valign="top" width="36">
55%
</td>
<td valign="top" width="52">
63%
</td>
<td valign="top" width="52">
68%
</td>
</tr>
<tr>
<td valign="top" width="286">
Has made me feel inadequate
</td>
<td valign="top" width="36">
46%
</td>
<td valign="top" width="52">
53%
</td>
<td valign="top" width="52">
58%
</td>
</tr>
<tr>
<td valign="top" width="286">
Means I’ve felt I’ve made bad decisions financially or with money management
</td>
<td valign="top" width="36">
43%
</td>
<td valign="top" width="52">
44%
</td>
<td valign="top" width="52">
53%
</td>
</tr>
<tr>
<td valign="top" width="286">
I can’t imagine feeling fulfilled in the future without owning a home
</td>
<td valign="top" width="36">
43%
</td>
<td valign="top" width="52">
58%
</td>
<td valign="top" width="52">
48%
</td>
</tr>
<tr>
<td valign="top" width="286">
Has made me feel like I have nothing to look forward to
</td>
<td valign="top" width="36">
39%
</td>
<td valign="top" width="52">
42%
</td>
<td valign="top" width="52">
49%
</td>
</tr>
<tr>
<td valign="top" width="286">
I’ve felt envy or jealousy when others get on to the property ladder before me
</td>
<td valign="top" width="36">
38%
</td>
<td valign="top" width="52">
50%
</td>
<td valign="top" width="52">
46%
</td>
</tr>
<tr>
<td valign="top" width="286">
Has negatively affected my ability to build wealth
</td>
<td valign="top" width="36">
32%
</td>
<td valign="top" width="52">
29%
</td>
<td valign="top" width="52">
41%
</td>
</tr>
<tr>
<td valign="top" width="286">
Has felt humiliating
</td>
<td valign="top" width="36">
29%
</td>
<td valign="top" width="52">
33%
</td>
<td valign="top" width="52">
35%
</td>
</tr>
<tr>
<td valign="top" width="286">
Has negatively affected my retirement plans
</td>
<td valign="top" width="36">
27%
</td>
<td valign="top" width="52">
23%
</td>
<td valign="top" width="52">
30%
</td>
</tr>
<tr>
<td valign="top" width="286">
I’ve experienced conflict with others on the topic of housing unaffordability
</td>
<td valign="top" width="36">
25%
</td>
<td valign="top" width="52">
31%
</td>
<td valign="top" width="52">
30%
</td>
</tr>
<tr>
<td valign="top" width="286">
Has negatively affected my personal relationships
</td>
<td valign="top" width="36">
16%
</td>
<td valign="top" width="52">
17%
</td>
<td valign="top" width="52">
18%
</td>
</tr>
<tr>
<td valign="top" width="286">
Has negatively affected my family planning (i.e. having children)
</td>
<td valign="top" width="36">
14%
</td>
<td valign="top" width="52">
24%
</td>
<td valign="top" width="52">
14%
</td>
</tr>
</tbody></table>
Reported positive impacts of not owning a home
<table border="1" cellspacing="0" cellpadding="0"><tbody>
<tr>
<td valign="top" width="277">
 
</td>
<td valign="top" width="46">
Total
</td>
<td valign="top" width="52">
Gen Y
</td>
<td valign="top" width="52">
Gen X
</td>
</tr>
<tr>
<td valign="top" width="277">
Makes me feel like I have the freedom to explore other opportunities and grow in other areas
</td>
<td valign="top" width="46">
42%
</td>
<td valign="top" width="52">
45%
</td>
<td valign="top" width="52">
45%
</td>
</tr>
<tr>
<td valign="top" width="277">
Has made me feel liberated, like I have greater freedom
</td>
<td valign="top" width="46">
34%
</td>
<td valign="top" width="52">
28%
</td>
<td valign="top" width="52">
36%
</td>
</tr>
<tr>
<td valign="top" width="277">
Enables me to lead a better lifestyle
</td>
<td valign="top" width="46">
33%
</td>
<td valign="top" width="52">
27%
</td>
<td valign="top" width="52">
39%
</td>
</tr>
</tbody></table>
</body></html>

Gen X holds the highest emotional toll of not owning a home

<html><body>
<img src="https://counter.theconversation.edu.au/content/68931/count.gif?distributor=republish-lightbox-basic" alt="The Conversation" width="1" height="1">
GUEST OBSERVER
We’ve all seen it in the movies: overgrown “kidults” living at home while their parents pick up their dirty laundry, cook their meals and vacuum around their unmade bed. 
This narrow portrayal of what modern-day multigenerational households look like is also found in newspapers worldwide. Names like “mummy’s boys”, “gen why bother moving out”, “kippers” and “gestaters” are used to describe this supposedly dependent generation who won’t leave the comfort of the family home.
Since we began our research four years ago, however, we have found that different generations of the same family live together in one household for a whole range of reasons. This results in a great diversity of outcomes. 
These stories of different drivers and outcomes, along with findings from several related Australian studies, are retold in our new book, Multigenerational Family Living. 
In the book, we debunk a series of myths about multigenerational households. With around one in five Australians living in multigenerational households since at least the mid-1980s, it’s about time we moved beyond the stereotypes.
<h2>Myth #1: Kids won’t become ‘independent’</h2>
If one only paid attention to media reports, it’d be easy to think that multigenerational households in modern-day Australia come about solely because young adults won’t fly the nest. While there is some truth in this, there are other reasons, and combinations of reasons, that lead multiple generations of adult family members to live together. 
Among the 392 respondents to our survey, “adult children yet to leave home” was only the third-most-common driver. Finance was the most common.
Finance, however, can encompass many things.
<a href="/images/2016/11/29/image-20161121-4544-4ut9vm.PNG" target="_blank">Click to enlarge</a>
<img src="/images/2016/11/29/image-20161121-4544-4ut9vm.PNG" alt="">
Survey results, Author provided 
Financial constraints can come about for a wide range of structural reasons. These include an increase in attainment of tertiary (and even postgraduate) qualifications, workforce casualisation and the unaffordability of housing, whether buying or renting. 
These constraints often encourage the younger generation to delay leaving the parental home. However, we also found examples of adult children paying their parents’ mortgages and buying homes together to manage housing costs within the family.
Changes in government policies and priorities can also have impacts on people’s decisions about their living arrangement. The withdrawal of government support – such as changes in the Australian child, aged and disability care sectors – increases the pressures on family members to take care of each other. 
There have been reports of grandparents moving across town to be closer (or to live with) their grandchildren so they can provide child care during the day. 
Likewise, some of our participants said they invited their elderly parents to live with them so they could take care of them because professional aged care facilities were unaffordable or undesirable. “Care arrangement support” was the second-most-common driver for multigenerational living.
<h2>Myth #2: It’s something migrants do</h2>
There is a lot of literature about how common multigenerational living is elsewhere, whether in Asia, the Middle East, or Southern Europe. 
While more than one in three (34.9%) Australian residents born in North Africa and the Middle East lived in multigenerational households in 2011, only one in six (15.7%) born in Northwest Europe (e.g. the UK) did so.
<a href="/images/2016/11/29/image-20161121-4544-1nlzr3p.png" target="_blank">Click to enlarge</a>
<h2><img src="/images/2016/11/29/image-20161121-4544-1nlzr3p.png" alt=""></h2>
Custom 2011 Census data. Image: Alec Gelota, Author provided 
Certainly, there is a cultural element to living arrangement decisions. Yet our analysis shows that three-quarters of people who lived in multigenerational households in Australia in 2011 were born here or elsewhere in Oceania.
<h2>Myth #3: Live-at-home kidults take advantage of parents</h2>
One of the bigger gripes about multigenerational living is that not everyone pitches in. 
Lyn Craig and Abigail Powell found that while adult children do pitch in and help out with chores, these efforts don’t really help their parents all that much, particularly their mothers. 
The reasons are a mix of adult children doing chores for themselves (such as doing their own laundry or cooking their own meals), instead of communal sharing, and of culturally imbued ideas about who should be responsible for groceries, cooking and gardening.
<a href="/images/2016/11/29/image-20161121-4528-2tl4jn.PNG" target="_blank">Click to enlarge</a>
<h2><img src="/images/2016/11/29/image-20161121-4528-2tl4jn.PNG" alt=""></h2>
Survey results, Author provided
Complaints about chores, however, pale in comparison to those about lack of privacy in the family home. This is the result of a combination of family members not respecting personal boundaries but also of many contemporary housing designs (open-plan living, for instance) that are not suitable for multigenerational needs. 
As Bruce Judd discusses in his chapter, some older housing models, including the resurgence of granny flats, may offer better outcomes to people who want to live together in multigenerational homes.
<h2>What does it all mean?</h2>
Despite the media and some academic spheres giving this household form more attention, there is still relatively little known about it, and particularly the experiences of those who choose to live in them. As this journalist realised, there are pros and cons to multigenerational living, just as there are pros and cons to living alone. 
International policy recommendations are advocating for more diverse housing products to house our ever-changing household forms. This includes encouraging people “to share our homes more with other generations and encourage greater intergenerational living”. 
To devise the most practical policies do this effectively, we must have a greater understanding of the outcomes for different members within the household.
Edgar Liu is research Fellow at City Futures Research Centre, UNSW Australia and can be contacted <a href="https://theconversation.com/profiles/edgar-liu-32200" target="_blank">here</a>.
Hazel Easthope is senior research fellow, City Futures Research Centre, UNSW Australia and can be contacted <a href="https://theconversation.com/profiles/hazel-easthope-175163" target="_blank">here</a>.
Both are authors for The Conversation.
</body></html>

Generational Living

Editor's Picks

Have something to contribute?

Developments

New apartments

New townhouses

News

Generational Living

Editor's Picks

Receive the latest news stories to your inbox

Have something to contribute?

Developments

New apartments

New townhouses

News