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On this episode of The nestegg Podcast, host Maja Garaca Djurdjevic and three experts discuss the ups and downs of online auctions, the power of activist short-sellers, and tax time 2021.

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Steve Waters, director of Right Property Group, chats about online auctions and why they resemble “a bad Zoom meeting”, the growing resilience of the property market, and how Sydney’s lengthy lockdown could shake things up.

RMIT’s senior lecturer of finance, Dr Angel Zhong, delves into short selling – the original trade that sent GameStop stock soaring – and how activist short-sellers are impacting markets.

And lastly, tax and super guru Timothy Munro talks about those early tax lodgers and possible ramifications, as well as detailing the temporary shortcut method, which you may be able to use this tax time.

Have a question for our experts? Get in touch at [email protected] and you might get featured on the next episode.

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Lack of preparation forcing older Australians to leave their home

By Cameron Micallef

February 04 2020
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Invest

Lack of preparation forcing older Australians to leave their home

By Cameron Micallef
February 04 2020

Older Australians who want to remain in their own home are being reminded to modify their properties or risk being forced to make unwanted accommodation decisions under duress, new research has found.

Lack of preparation forcing older Australians to leave their home

By Cameron Micallef

February 04 2020
Share

According to research conducted by the Global Centre for Modern Ageing (GCMA), the industry needs to help older Australians who want to remain in their home by improving services.

The research found that despite wanting to stay at home, only 17 per cent of older Australians who were surveyed thought their homes required repairs or modifications to do so.

GCMA research director Stuart Smith said older people increasingly want to remain living in their own home.

“Helping people to remain independently in their homes is increasingly important. However, we know that this may not always be possible, so it is also critical to understand how ‘home’ can be created in any place of residence,” Mr Smith said.

The report highlighted that even among those who were experiencing difficulties at home, only 40 per cent of respondents acknowledged the need for home modifications.

GCMA chief executive Julianne Parkinson said the national research identified an opportunity for industry to provide greater public education around home modifications to help people understand their needs, the options available to them and the processes involved before decisions are rushed or forced.

“For people who have identified the need to make changes around their home, our research identified key barriers to home modifications, including affordability and being able to find trusted builders and tradespeople,” Ms Parkinson said.

The GCMA believes a framework designed around choice, safety, comfort, access, independence, connection and happiness will better guide older Australians.

Mr Smith said the House-Home-Haven framework could serve as a guide for individuals and families and could also assist industry to take a more client-centric approach when developing commercially viable homes, retirement villages and aged care facilities that enable quality living and improve world standards.

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About the author

Cameron Micallef

Cameron is a journalist for Momentum Media's nestegg and Smart Property Investment. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leverage their insights to grow your portfolio.

About the author

Cameron Micallef

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