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Speaker 1: Old.

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Speaker 2: But how do you feel about sharing your house with

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Speaker 2: a stranger to help out the housing crisis. There is

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Speaker 2: a suggestion boomers could end the housing crisis in Australia

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Speaker 2: by renting out a spare room or two to people. Now,

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Speaker 2: I got to tell you there's no way I'd be

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Speaker 2: even considering this if it was my decision to make.

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Speaker 2: Let's explore that there's a lot of rooms though, sitting

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Speaker 2: empty around the country, and that's the whole point of this.

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Speaker 2: Doctor Lindall Bryant is Senior Lecture in Property Economics, Queensland

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Speaker 2: University of Technology, Lyndall. Good morning, good morning. That is,

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Speaker 2: tell me how many rooms would be vacant out there

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Speaker 2: enough to do away with all the people waiting for

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Speaker 2: a house. I suppose to settle them somewhere.

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Speaker 1: Well probably According to the last census, is up to

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Speaker 1: thirteen million beare bedrooms across the country.

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Speaker 2: Thirteen million. Wow. Okay, so that would that would solve

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Speaker 2: the housing crisis once and for all just there.

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Speaker 1: It sure would, But as you say in your intro,

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Speaker 1: it's not for everybody, and that's certainly not the suggestion.

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Speaker 1: But there's a lot of urban myths around that. I

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Speaker 1: was interested in exploring around. White people, particularly the boomers,

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Speaker 1: or perhaps even older than the Boomers, are pensioners. They're

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Speaker 1: the ones who statistically are the ones living in large houses.

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Speaker 1: There might be only one or two people living in

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Speaker 1: a house that could have three or fours. There empty bedrooms.

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Speaker 2: I suppose if you're struggling for the money as well

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Speaker 2: to keep the house going, and the maintenance houses need

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Speaker 2: ongoing from time to time, it would be a good

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Speaker 2: way to solve that problem.

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Speaker 1: Absolutely, we've got a housing crisis and a cost of

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Speaker 1: living crisis at the same time our older Australians, and

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Speaker 1: many of them are living on the tension, are fixed

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Speaker 1: incomes and as you say, the cost of maintaining their

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Speaker 1: house are going up, cost of insurance are going up,

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Speaker 1: and so they're asset rich, but they're cash poor. So

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Speaker 1: if we can find and away for them to get

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Speaker 1: a couple of hundred extra bucks a week, that can

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Speaker 1: go towards helping them run run the house, maintain the house,

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Speaker 1: stay at home when I want an age in place,

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Speaker 1: then surely that's a great solution.

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Speaker 2: Yeah, I'm not sure the crime rate, particularly the murder rate,

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Speaker 2: would would be helped by this idea. I don't know,

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Speaker 2: just having a stranger in you and if you don't

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Speaker 2: get on and you know they're the party animal or whatever,

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Speaker 2: what do you do. You you've let somebody in and

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Speaker 2: you've got to wait for the least to end.

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Speaker 1: Oh well, you know, my goodness, any mass murderers and

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Speaker 1: that's one of the that is some of the scary

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Speaker 1: things that people to worry about. But there's there's no

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Speaker 1: one saying just you find someone on the street and

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Speaker 1: give them your house. But there are some there are

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Speaker 1: some great what we call tenant matching services around and

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Speaker 1: some of them that are in the media are specific cohorts.

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Speaker 1: Might there's some around for older women, and now older

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Speaker 1: women are the old the largest growing cohort of homeless

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Speaker 1: people in the country, and so some of these matching

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Speaker 1: services can At matching services, you need to have a

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Speaker 1: police check before even sign up. It's free to sign up,

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Speaker 1: but you know they have some sort of a safety

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Speaker 1: next and then once you once you sign up, then

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Speaker 1: they have monthly morning tea we can meet people. Then

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Speaker 1: you have a talk and it's sort of it's a

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Speaker 1: safe open environment. When from there, if you find somebody

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Speaker 1: who needs might match, what you've got on offer, then

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Speaker 1: you can take that forward from there. But the issue

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Speaker 1: we do have at the moment is that we don't

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Speaker 1: have a lot like those are sort of community based

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Speaker 1: type services and they're wonderful, but we need to have

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Speaker 1: a broader approp where we can help people who might

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Speaker 1: be interested that they just don't know how to go

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Speaker 1: about it and have exactly the same piece that you have.

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Speaker 2: Yeah, indeed, but in the meantime, people could be living

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Speaker 2: in poverty right now. They'd be afraid of taking on

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Speaker 2: a border because it might impact their pension, for instance.

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Speaker 2: And even though the pension allows you to earn a

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Speaker 2: little bit of money, maybe maybe something the government needs

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Speaker 2: to step in there and say, well, if you're helping

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Speaker 2: out the housing crisis, will exempt you or similar.

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Speaker 1: Yeah, well that's that's a really interesting point where if

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Speaker 1: you sort of the string tax office is very complicated.

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Speaker 1: I'm not an account isn't financial advice, but it really

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Speaker 1: doesn't take too many too much digging around the tax

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Speaker 1: site if you know what you're looking for. There's a

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Speaker 1: thing called domestic arrangements. So anyone who's interested in this,

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Speaker 1: which you think is do the walking and putting domestic

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Speaker 1: arrangements into the ATO website and you'll find pretty quickly

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Speaker 1: that if you've got somebody in your that you're a border,

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Speaker 1: that's called them a border, and that they're they're they're

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Speaker 1: paying you money that goes towards running the household, and

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Speaker 1: that's considered a domestic arrangement by the tax pat and

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Speaker 1: it's not taxable income. So it could be earning, said,

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Speaker 1: a couple of hundred extra bucks a week and it

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Speaker 1: doesn't impact your pension. And not only does it not

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Speaker 1: impact your pension, but then it also doesn't create a

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Speaker 1: capital gains tax liability, which again is a bigger than

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Speaker 1: this that people are afraid of.

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Speaker 2: Indeed. All right, so Linda, anyone thinking about this, where

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Speaker 2: would you say they should start?

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Speaker 1: Ah, that's a really again, really good question. What I

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Speaker 1: do think we need to have more of is dare

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Speaker 1: I say, not necessarily regulation, but we need to have

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Speaker 1: better frameworks for people don't want to do this. There

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Speaker 1: are currently websites around and apps that you used to

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Speaker 1: find a share housing and could find flatmate, but that's

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Speaker 1: not going to work for everybody. So what I do

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Speaker 1: think we need is some better frameworks around this. Imagine

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Speaker 1: if you could walk into your local real estate agent

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Speaker 1: and say, hey, I've got a rumor what it rent?

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Speaker 1: It is the type of person I'm looking for. Could

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Speaker 1: you give me some candidates that I could interview? So

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Speaker 1: I think we could do this better. There's got to

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Speaker 1: be a better way of waiting for how many years

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Speaker 1: to work for all this new building to be built.

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Speaker 1: We've got all this existing housings sitting in our community

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Speaker 1: right now, and we can be using it more fish

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Speaker 1: grey and effectively we're just a little bit more framework

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Speaker 1: around how people can go about it.

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Speaker 2: I think that's really interesting. And while you know, I

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Speaker 2: probably wouldn't be in that category of wanting to do this,

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Speaker 2: I've got to say Lyndall. But Rita at Campbelltown makes

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Speaker 2: the excellent point that years ago where she's gone, here

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Speaker 2: we are. If we're talking about boomer sharing their homes

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Speaker 2: with others, why not multi generational families living under the

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Speaker 2: same roof Asian families do so pass European, Italian and

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Speaker 2: Greek families did it in the seventies and eighties. Yeah, none, Mum, Dad,

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Speaker 2: the children something to think about. So, yeah, this is

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Speaker 2: not new, I suppose.

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Speaker 1: No, absolutely not taking in a border used to be

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Speaker 1: a very traditional way thing for families to do or

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Speaker 1: if if a family came upon some hard times, and

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Speaker 1: sometimes if the woman was left on her own, then

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Speaker 1: alway she kept the house was taking in boarders. Now

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Speaker 1: there hasn't always been ways for single people to live

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Speaker 1: on their own, and surely building more units isn't the

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Speaker 1: solution to community building and people feeling connected within the community. So,

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Speaker 1: you know, we all, we all sometimes time live with

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Speaker 1: people who don't particularly like and they're usually family members

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Speaker 1: do them, but you know, so a bit of framework

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Speaker 1: around it, I think, so that people can document the

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Speaker 1: agreement upfront and maybe you have some sort of standard

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Speaker 1: house rules that people agree to upfront, and maybe even

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Speaker 1: some tenants management service. It's someone there that if it's

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Speaker 1: not working for you and you don't want to have

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Speaker 1: the conflict yourself if again, but someone like your local

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Speaker 1: real estate agent or maybe it's a new business center

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Speaker 1: for a not for profits do actually do that tenant

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Speaker 1: management and tenant matching service.

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Speaker 2: Yeah, all right, appreciate your time, Lindall.

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Speaker 1: Thank you, thanks so much for having me.

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Speaker 2: Matthew Doctor Lyndall Bryant, Senior lecturer and property Economics, Queensland

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Speaker 2: University of Technology,