00:02At 53 years old, John Atwood's dream of owning a slice of the Gold Coast is still just out of
00:09reach.
00:09We've seen it go from bugger oil to astronomical prices.
00:15He's moved back in with his elderly mother, in the hopes of saving enough to buy a home next year.
00:20If we'd gone on the standard rental market, I doubt we would have anything left over.
00:27But if he does secure a mortgage, the working years left to pay it off are running out.
00:32It does concern me going into retirement.
00:37Peak Housing Body National Shelter estimates by 2031 about 440,000 older households won't be able to find or afford
00:45suitable housing,
00:46with more people heading towards retirement with major debt.
00:51This is right across the income distribution.
00:53People in their 50s, 60s and 70s now retiring with mortgage debt and housing stress is pretty common in most
00:59parts of the country.
01:00With few choices available, experts say Mr Atwood's decision to live at home and save is prudent and others in
01:07his shoes are following suit.
01:09That's the best way to manage cost of living while at the same time being able to have access to
01:14a home.
01:17We will be closer to the home.
01:17I'll look at that home.
01:17Let's go.
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