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  • 7 weeks ago
A growing number of Australians are being forced to keep more generations under the same roof as first home buyers postpone or abandon plans to get into the property market. We’ve heard from many people who are making tough choices but some families are finding plenty of upside in downsizing too.

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00:02Come and welcome to my little renovation.
00:04Michael St Vincent has been on a tight renovation deadline.
00:10He's been reconfiguring his family home so his adult grandkids struggling to get into the housing market can move in.
00:18It's our duty I think as oldies to help where we can.
00:23Michael is among a growing number of Australians trying intergenerational living.
00:28The number of multi-generational family households rose from 275,000 in 2016 to 335,000 in the 2021 census,
00:39an increase of 22%.
00:41A trend experts expect to accelerate.
00:45We would expect the trend to go up simply because the cost of living pressures have increased so starkly.
00:54Those increasing pressures are why Sheena Carter and her husband are giving it a go.
00:59There are three generations living here and we all provide each other with something positive.
01:06To help their retirement, the couple bought a modular home for half the price and moved it onto Sheena's daughter's
01:13property in regional Victoria with upsides for the entire family.
01:17I'm off on camp tomorrow and my husband will be on night shifts a couple of nights this week and
01:22mum will be around to make sure no one does anything they shouldn't.
01:26But the answer isn't always a bigger block. It can be a second home in a suburban backyard.
01:33In New South Wales, the number of secondary dwellings approved jumped 24% in just one year due in part
01:42to a relaxation of planning laws.
01:44Housing Industry Australia wants a national approach to planning laws.
01:49It's calling for granny flats of up to 90 square metres to bypass lengthy planning queues.

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