Cohousing: An alternative tenure for senior Australians?

It is a well-publicised demographic trend that Australia, like many nations around the world, is home to an increasingly aged population. In 2016, 16 per cent of the New South Wales (NSW) population was aged over 65 years, but this is expected to rise to 25 per cent by 2056. Ten per cent of the population of NSW will be over 80 years of age by 2056, and there will be a tenfold increase compared to 2016 in the number of people aged over 100 years in NSW. Further, increased longevity is a trend set to continue, with the life expectancy for NSW expected to rise to 88.6 and 91.4 years for men and women respectively by 2056.