Baby Boomers are pooling their resources and calling on their ageing parents to batch with them in spacious new homes in a bid to save money.
Brisbane home builder and H4 Living director Tiago Guerreiro said the two main groups driving the multi-gen living trend were Baby Boomers who still had elderly parents to look after and wanted to keep them mentally stimulated, and young families who wanted their Baby Boomer parents to move in so they could help with babysitting.
“Costs of child care and aged care plus the cost of housing in general is a huge factor in the rise of multi-gen homes with families being able to pool resources and achieve better living outcomes,” Mr Guerreiro told The Sunday Mail.
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Alison Ross and her husband Myles recently built a three-storey home at Bardon through H4 Living, with “creative and flexible spaces” in mind.
Mrs Ross said they included a separate studio with a large multi-use room featuring a kitchenette and ensuite to cater for an au pair or nanny-type arrangement.
“The children are young. As they grow it will be suitable for when they are more independent,” she said.
Metricon’s Queensland general manager Peter Ryan said the multi-generation living trend was gaining momentum across Brisbane as well as the Gold Coast and Ipswich.
The home-building company specialises in flexible multigenerational living options and gas-optional design upgrades tailored to suit specific needs.
“Mobility and accessibility within the home are important as parents age, so ground floor bedrooms with ensuites are important,” Mr Ryan said.
“Statistics spouted are that millions of Australian families currently choose multigenerational living.
“With our ageing population, immigration policy, rising land costs and the trend for adult children to stay at home longer, we believe this trend will continue to grow exponentially in the future.
“I think housing affordability and our ageing population are the main drivers of this trend,” he said.
Mr Ryan said for older family members, retaining independence and having younger people around could provide company and help, and mean they don’t have to move into aged-care accommodation.
“Sitting at the opposite spectrum of the family of those who usually benefit from multi-gen living are young adults who haven’t flown the nest,’’ he said.
“Staying in the family home allows the younger generation to squirrel away any spare money they have and concentrate on their studies or saving for their own home.”