High-density units not the choice of empty nesters

One of the many invalid justifications promulgated by the NSW Department of Planning for forcing high-density onto communities is that empty nesters wish to move into these constructions. We all know this is mostly not the case. Empty nesters tend to prefer to remain in their own home or move to a smaller stand-alone house. A report issued by the Victorian Department of Sustainability and the Environment confirms this common sense.

Here's an overview of the report's main thrust, as included in the Department's 'Research Matters' newsletter:

"The reality is that they (Empty Nesters) now have a house with no kids. The question is - are they ready to move on? To down-size? The answer, at this stage, is no. There are many empty nesters who have decided to remain in the family home. The reasons essentially revolve around emotional attachment, security and finances.

Some are happy to sell up, but invariably want to stay in the same area unless there are compelling reasons to move to another area. Most can visualise their ideal new home and there is a strong consensus on the key features of their new home. It will be as maintenance free as possible, will be modern, on one level, with a small rear garden, three bedrooms, two bathrooms, a main open-plan living area plus a second smaller living area and good security. For most, an apartment is not in the consideration set, nor is a retirement village. A 'sea-change' is not on the list for many..."

For more details see http://www.dse.vic.gov.au/DSE/dsenres.nsf/childdocs/-4CA023FAC31D9D5CCA256D650016CB01-C70997566F01CABDCA256D6500039059?open