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Expert unveils opportunity to unlock 13m empty bedrooms

While in the midst of a housing crisis, Australia has around 13 million empty bedrooms, prompting calls for a revolutionary “last homebuyer scheme” to help Boomers downsize and afford existing stock to the market.

In an upcoming episode of SBS Insight, Housing BOOMERS, host Kumi Taguchi explores the debate around downsizing in Australia.

Michael Blythe, former chief economist at the Commonwealth Bank is one of the experts who makes an appearance on the episode, where he spotlights the striking figures of empty bedrooms across Australia – space that exists but isn’t being used where it’s needed most.

With more than 37 years’ experience in economic policy and now economist-in-residence at Downsizer.com, Mr Blythe is exploring the idea of a “last homebuyer scheme” to make it easier for older Australians to downsize.

'Borrowing from the past': This old way of living is making a comeback in Australia

SBS acknowledges the Traditional Custodians of Country and their connections and continuous care for the skies, lands and waterways throughout Australia.

New research says more Australians are open to the idea of multigenerational living amid rising property prices and cost of living pressures. Source: SBS, Getty / Westend61; graphic art by Aaron Hobbs

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I wake up to the aroma of baharat — a common Lebanese seven-spice blend — filling my nostrils, and the sound of my tayta (grandmother), clattering around the kitchen.

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