As the rental market pressures intensify across Australia, Suburbtrends has unveiled a pioneering solution dubbed “rentirement.”

This strategy encourages Australians aged 67 to 77 to release their homes into the rental market while they travel or retire overseas, potentially unlocking a significant number of properties to alleviate housing shortages. Potential impact on the rental market. Suburbtrends’ founder, Kent Lardner, highlighted the potential of this initiative.

“Our data shows that over 137,000 homes could be released into the rental market if just 10% of the Rentirees cohort participated,” Lardner said. “This represents a substantial untapped resource that could drastically ease rental pressures.”

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