Lower interest rates and increased demand are pushing up the cost of housing in Victoria. In addition, the financial pressures of the COVID-19 pandemic have meant that some families are suffering financial hardship and are considering ways in which to consolidate their financial positions.
At times like these, older people might think about downsizing or living with their family. That might mean living in a house owned by family, or family moving into a house owned by an older person. Another option is to build a self-contained unit on land that includes the family house.