Housing, Downsizing and Older People
Welcome to the Finding the Best Fit research programme
We face a great conundrum in New Zealand, house prices have soared, which leave many older people with very valuable houses. But selling up and downsizing doesn’t always release lots of equity and for some people there may simply be no alternative dwelling suitable or affordable to downsize into in their communities. This research assesses different downsizing options: reducing ownership shares; substituting larger for smaller dwellings; leaving owner occupation; subdividing; or substituting housing in high for low priced areas. It assesses the practicalities of ‘downsizing’ and the conditions which determine their success.