With the cost of building skyrocketing in the past year, housing for many families has become increasingly unaffordable. Investing in a property with other family members gives people more options to live close to schools and work. Living with ageing parents can also be a peace of mind - knowing their care and social needs are being met while also benefitting from having child sitters at home. Multi-generational living is a viable housing solution whether its for financial, care or social reasons.

Benefits of multi-generational households include:

Deciding on investing in a granny flat or aged care is one of the most important decisions we can make concerning the welfare of our elderly parents. While we should not compromise on their care, financial decisions also need to be weighed up as to how it will impact on the individual and the extended family over the long term.