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Over-50s Housing Trends is part of a continuous education course developed by a team of specialist editors, researchers and property experts around the.

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Presentation on theme: "Over-50s Housing Trends is part of a continuous education course developed by a team of specialist editors, researchers and property experts around the."— Presentation transcript:

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2 Over-50s Housing Trends is part of a continuous education course developed by a team of specialist editors, researchers and property experts around the world for developers, financiers, planners and industry managers. It paves a clear concise path through the thickets of information overload. All the trends canvassed have started to emerge somewhere in the world. The over-50s housing market is splintering into a hundred slivers. The certainties of the past 30 years have been shattered by generational change, and seismic shifts to the social, cultural, political and economic order. This continuous study is updated every month. It reflects change as it occurs.

3 46. An unexpected rise in demand for boomer housing Divorce, fragile mental health,no savings or superannuation / pension fund entitlements have coalesced to produce a growth boomer housing sector. Women, post 60, are finding themselves crowding into shelters for the homeless. What was once a largely male preserve is now serving both sexes in equal numbers. As part of the lucky baby boomer generation, Erika Lodge, 59, never imagined she'd end up homeless. She was married for 33 years, and worked for three decades as a cook and a parenting counsellor. By rights, she should be entering her seventh decade pondering whether to spend the kids' inheritance on a world cruise or a sea change. Instead, after a divorce and a mental breakdown, Ms Lodge spent much of the past nine years struggling to find somewhere to live. She's barricaded the door of her Footscray boarding house room at night; she's sought refuge in women's shelters; she spent two months sleeping on the streets. She's only recently moved into her single bedroom unit on the top floor of a public housing high- rise in Kensington: "My first public housing place," she says. "Million dollar view." Ms Lodge is typical of the baby boomer women now finding their way to crisis accommodation services, says Shelley Mallett, Hanover Welfare Services' general manager of research and service development. As the first baby boomers turn 65 this year, crisis services and housing agencies are seeing a new wave of clients who don't have a history of drug or alcohol problems, and haven't been homeless before. These are the dinner ladies, office cleaners and housewives of the 1960s and 1970s, getting by with little or no superannuation and a checkered work history as they raised children. If their relationships break down, their health deteriorates or their income shrinks, these women are being forced out of private rental in larger numbers than ever before.

4 47. Boomers want a five-star hospital experience Small hotel hospitals with 'rested' medical and theatre staff in-house 24 hours a day. Private suites with double beds, flat screen TV, and 24 hour room service. Fine dining and a wine list supplied by the best restaurant in the city. Even being ill must provide 'an experience.' There may not be a doorman or a porter to take your luggage, but everything else about The Cradle in Hawthorn, which claims to be Australia's first five-star maternity hospital, feels like a luxury hotel. There are marble foyers and polished floorboards. The private suites have double beds, flat-screen TVs, lavish ensuites, and 24- hour room service. And forget hospital food; women and their partners who stay at The Cradle are offered fine dining and an impressive wine list. But it's not just five-star comfort that the directors are spruiking. The Cradle guarantees a "rested" obstetrician, pediatrician, anaesthetist and theatre staff in-house 24 hours a day. Respite care at the Lyall Hotel in South Yarra. Hotels now compete for the medical recovery market.

5 48. Co-Housing reshapes into urban utopia Co-Housing shaped from high density inner city living. Self contained privately owned residences, each with its own kitchen and living areas, sharing a building for group meals and guest bedrooms and garden space including a vegie patch and chicken coop. A Scandinavian concept takes root. "People often assume we're hippies," says Tania Lewis, as she explains a radical housing development she and two dozen other Melburnians are planning for the city’s inner suburbs. The concept is called co-housing, and it could hardly be further from a rural commune. When complete, the high-density inner-city development will comprise about 30 self- contained, privately owned residences, each with its own kitchen and living areas, sharing a building for group meals and guest bedrooms, and garden space including a vegie patch and chicken coop. “We all believe in neighbourhood values and sustainability but also, working together, we expect big economies of scale,” says Dr Lewis, a senior research fellow in RMIT’s school of media and communication. Five per cent of all new housing in Denmark is co-housing, and it is becoming popular in the US. Dr Lewis's group, Urban Coup, is an incorporated body including healthcare professionals, architects, urban planners and environmentalists. Gilbert Rochecouste, a 'place-maker' with community building consultant Village Well, says: "Co-housing is a powerful model that can radically reduce energy usage and open up shared resources, while not asking people to live in a commune. It's about living sustainably in a community but still having your own private space. For example, co-housing gives grandma and grandpa the option to still live in the community, with their children and nieces and nephews, not having to live in a retirement village."

6 49. T ight economies drive multi- generationals Multi-generational households are on the rise as tightening economies force more parents and their adult children to live together. Sixteen per cent of the western world population is now living in a household with at least two adult generations or a grandparent and at least one other generation per cent of households in U.S.A. now multi-generational (adult living with adult of another generation). 22 per cent of college graduates return home to live. The Great Recession has accelerated the move into multi-generational households for all age groups. An analysis of census data shows the number of Americans living in extended family households rose by 2.6 million from 2007 to According to the National Association of Home Builders, 62 per cent of builders surveyed were working on a home modification related to aging in About one in five builders added an entry-level bedroom. An Indianapolis-based company remodels two-car garages into complete apartments within 10 days for $35,000. How to stop foreclosure through homesharing. Sharing home ownership can stop foreclosure and create new kinds of community.

7 50. Embrace of energy self-sufficiency Boomers will not buy high priced energy saving housing options, but will pay a 'reasonable premium' to embrace eco-housing over old world offerings. A revolutionary solar home design, The Meridian First Light House, a unique, Kiwi-bach- inspired design measures 75 square metres, has cedar cladding with concrete and wooden flooring, and is a “net zero energy” dwelling that is designed to produce at least as much energy as it uses. A team of students from Victoria University's School of Architecture devoted years to the design and construction of the bach and have been rewarded with the top engineering prize, second placing in the architecture category and third place overall in the US Department of Energy Solar Decathlon overall. The Solar Decathlon is made up of 10 contests which challenge 20 university teams from around the world to design, build and operate solar- powered houses that are cost-effective, energy- efficient and attractive. They are judged in a number of areas including energy balance, home entertainment, architecture and engineering.

8 51. Building an anti-sprawl sustainable village How to shape a village to last 500 years; where liveability is primary and not designed on the needs of cars and what people make, sell or buy. A new paradigm incorporating sustainable livability, technical systems, affordability and designed as a living organism. A new concept town. Invent a town to solve all suburban problems. Affordable and sustainable housing for the long term is more likely with permanent infrastructure and three-dimensional arrangements. This new context saves costs and offers more freedom, privacy, and flexibility than any other housing alternative. With the same density (number of homes per acre) as in current suburbs, the new concept town can leave 70 per cent of the land as open space and farms, which together function as an integral element of the town's environmental systems. Each Home Site integrates with its Near and Extended Neighborhood plus its section of Main Street to create a visual and functional unit. This increases the sense of community, but its primary purpose is to enhance the life of each individual person.

9 51. Building an anti-sprawl sustainable village A Town Primarily for People satisfies Environmentalists, Land Owners, and Developers: The rural country setting is maintained. Cars have their place separate from people places. The distinctive advantages and atmosphere of an urban setting are provided. Convenience makes transit self-supporting. Permanent infrastructure lowers cost. The town is surrounded by an integral farming system. Comprehensive sustainability for centuries can be achieved. Each Home Site: Has an ideal location. Is a convenient walk to everything. Is in a cluster of homes around a play area. Has front rooms and porch overlooking Main Street activities. Has a porch that's a ringside seat for getting to know neighbors in the town and cluster. Enjoys a safe, neighborly surrounding. Increases affordability in many ways. Is easily changed to meet budget and needs. Has a totally private interior and back yard. Has a back-yard view of hundreds of acres of open country.

10 52. Pet Apartments The embracing of pets as critical companions instead of separating as a condition of entry to new housing. Purpose built for pets. Pet housing in a part of the complex. Staff for grooming, exercise and pet health. Pet replacement programme. Clients will pay for this service. On-going profit centre.

11 To order any/all of the 100 plus trends in over-50s housing, contact one of our offices: UK Suite 212, 28 Old Brompton Rd, South Kensington, London, SW7 3SS Phone: +44 (0) Fax: +44 (0) USA Suite 1192, 1111 Desert Lane, Las Vegas, NV Phone: Fax: Or Go To The Website CONTINUOUS EDUCATION SERIES


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