Recent research suggests that if more ’empty nesters’ made the move to smaller homes, it could free up to 60,000 much-needed large properties across the country.

Real Estate Institute of Queensland CEO Antonia Mercorella told Luke Bradnam on 4BC Breakfast, “Australia has an ageing population, but there are a range of complicated financial, economic and very personal reasons why people find it very difficult to downsize or right-size, which is perhaps the less negative term to use.”

“The other thing is… these are probably people who have bought many decades ago, paid a certain price, have worked hard to pay it off,” Mrs Mercorella continued.

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