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Low-cost Units Welcomed Amid Affordable Housing Shortfall

on the Monday, February 20, 2017

A range of affordable retirement living units has been released this month with the launch of Stage 3 of ACH Group’s James Evans Court redevelopment at Magill.

The release of the independent one and two-bedroom units, priced from $82,000, comes amid a shortage of low cost retirement housing options in South Australia.

ACH Group Real Estate Services Senior Manager Nat Johncock says there is growing demand in South Australia, particularly from single women and people with mortgage liabilities or limited superannuation payments, to access secure, affordable housing for their lifetime.

Along with competitive pricing, ACH Group offers flexible contract options to allow a closer match with a purchaser’s budget and Tailored Ownership Options to help cover any future housing or home support services.

“Our units provide access to secure, long-term quality accommodation within a community setting, at a price that is within reach,” she says. “With gardening and maintenance provided, tasteful finishes and private rear yards, in a premium location with links to the wider community, these refurbished units mean people can enjoy the best of low maintenance retirement living.”

University of Adelaide Centre for Housing, Urban and Regional Planning research fellow Dr Debbie Faulkner says affordable housing is becoming increasingly out of reach for older Australians.

According to the 2011 Census, there was a shortage of 16,300 affordable and available housing for low income private renters across all age groups in South Australia. 

Another 2011 report found that 59 per cent of lower income private rental households with a person aged 65 years and over in greater Adelaide were paying unaffordable rents (more than 30 per cent of income).

“Women are particularly vulnerable due to low paid and interrupted careers, lower rates of savings and superannuation,” she says. “(People) need access to affordable housing to enable them to enjoy housing stability and affordability to ensure they can successfully age in place.”

ACH Group’s new release includes a selection of units fully fitted out for independent, disability accessible living.

The redevelopment also has its own community centre offering health and fitness activities, social opportunities and kitchen and dining facilities for entertaining and functions.

With 1218 housing units worth a net $72m, leading not-for-profit ACH Group is redefining its housing options to respond to the demographic changes occurring across Australia.

Display units are now available for viewing. To register interest, please contact Nat Johncock on (08) 8159 3480 or email njohncock@ach.org.au.

Click here to find out more about ACH Group's retirement communities, home care services and aged care homes.

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