On for young and old

The economics of Homeshare
by Rod Campbell

Homeshare programs match older householders who live alone with younger homesharers. Homesharers live with householders rent free and in return keep the householders company and perform ten hours per week of basic chores. Homeshare helps homesharers find accommodation, but more importantly helps older householders live independently in their own homes.

Australians overwhelmingly want to continue to live in our own homes as we get older. 82 per cent of survey respondents intend to stay in their own home for as long as possible. But this isn’t cheap; most Australians are ‘concerned’ or ‘very concerned’ that they cannot afford the care they need to stay in their homes.

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