They found seven in 10 empty nesters in Queensland are still living in the family home.
Around one in 10 are considering moving while two in 10 downsized when the kids moved out, reports realestate.com.au.
As Australia faces a housing shortage, economists are circling like seagulls on a chip as they try to find ways to unlock these underutilised homes.
“There are many under occupied homes around the country and even if we had just some of those offered up, that could unlock a lot of options for families,” says PropTrack senior economist Creagh.
But of course it’s not that simple.
The decision to offload the family home means facing some big emotional and financial considerations.
While maintaining a large home becomes more difficult with age, it is not an easy decision to leave the home in which you raised your family.
When it is time to move, empty nesters may face tough competition to get into the unit market, particularly in Brisbane where affordability challenges have prompted a surge in demand for smaller dwellings.
But with early planning, downsizers can set themselves up for an easier move.
Talking to local agents and getting independent financial advice can help you understand what your options might be, so when you feel the time is right, you’ll be ready to make your move with confidence.
Kids getting flighty, or may you are? Find out how much your property is worth or talk to us about selling.
