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Speaker 1: It's interesting stat for you seventeen past seven. By the way,

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Speaker 1: by twenty forty eight, number of retirees living in rentals

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Speaker 1: expected to double. That's more than six hundred thousand to

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Speaker 1: over sixty fives in the private rental sector. Comes out

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Speaker 1: of a Retirement Commission report age. Concerned Chief executive Karen

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Speaker 1: Billings Jensen's with us on there's Karen, very good morning

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Speaker 1: to you, goodain morning. Do you believe the numbers? I

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Speaker 1: was mucking around with some of the sensors and starts

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Speaker 1: that that's a lot. That's a huge percentage of over

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Speaker 1: sixty fives if one is it true? And if it

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Speaker 1: is true, what's gone wrong? Do you reckon?

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Speaker 2: So our understanding is that it is true. And certainly

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Speaker 2: that's what the trajectory is looking like because we can

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Speaker 2: see that home minership has been dropping and there's a

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Speaker 2: whole lot of well trod reasons around that. So obviously,

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Speaker 2: if home minership dropping, then rental is going up.

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Speaker 1: And the the problems with that is what the uncertainty.

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Speaker 2: Well, obviously the uncertainty everyone wants to have a secure

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Speaker 2: home to live in, warm, comfortable, safe, accessible, and that's

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Speaker 2: one of the problems you know, most people want to

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Speaker 2: age place or they want to age in the community

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Speaker 2: that they've got connections with that they know. You know,

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Speaker 2: no people have family, have friends. But sometimes our housing

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Speaker 2: stock well many times it isn't suitable to agent. And

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Speaker 2: even many of the newer houses that are being built,

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Speaker 2: and in the area where I live, lots of new buildings,

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Speaker 2: but most to story homes.

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Speaker 1: Okay, so you don't want to tell story. What about

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Speaker 1: the apartment market, which has been up until recently relatively

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Speaker 1: boyish in terms of new builds, most of them a

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Speaker 1: single level is that is that an option or the

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Speaker 1: longer term rental market, you know where you assign a

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Speaker 1: rental agreement for twenty five thirty years.

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Speaker 2: Well, what the research shows is that actually landlords have

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Speaker 2: a really positive, you know, reliable, respectful, low maintenance. So

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Speaker 2: while apartment living is as great, I guess it's also

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Speaker 2: thinking around the belt environment, like where are they, how

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Speaker 2: accessible are they? You know, you certainly don't want to

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Speaker 2: be stuck number of flaws up the powers out then

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Speaker 2: you can't look.

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Speaker 1: I know people, I know all the people who live

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Speaker 1: in an apartment buildings and that's sort I think that's

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Speaker 1: more urban myth I mean because the times the power

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Speaker 1: go out, I means very rare that that happens, isn't it.

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Speaker 2: Oh No, And I agree. So it's definitely a solution

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Speaker 2: for some people. But again with people wanting to age

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Speaker 2: in the communities that they know and where they know

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Speaker 2: their doctor, where they know their shops. Yeah, it's really

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Speaker 2: just how we're going to marry up the increasing number

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Speaker 2: of people that will be looking for rentals and an

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Speaker 2: older age that will be suitable to agent.

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Speaker 1: Okay, nice and so I appreciate it very much. Our

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Speaker 1: Karen Buildings Jensen age Care CEO. For more from the

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Speaker 1: Mic Asking Breakfast, listen live to news talks that'd be

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