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Mr Mahoney said he’d be looking out for extra support to help people access good affordable rental properties.
“People in my age bracket, finding rental agreements that aren’t completely stingy houses [is hard],” he said.
“Because we are in Box Hill and the Burwood area, Deakin Uni has one of the largest intakes of students in general… a lot of them do have a hard time finding affordable rentals,” he said.
“When you are living with people who aren’t full time employed, even a $40 increase a month really affects them. That small increase … our landlord put the rent up every six months it became unmanageable.”
Colin Carter is 50 years older than Mr Mahoney and lives within the same electorate. The 76-year-old self-funded retiree from Blackburn North has two children in their forties and a grandchild and considers himself in a fairly good position financially. However, he is always concerned about whether his savings will be enough to last a lifetime. He has made less super withdrawals in the pass two years as his super income has been affected by market volatility.
Top of his list for the budget is that the federal government spends more money-making access to health services affordable.
“How can I live happily through my retirement and not be in fear of suffering, I guess, without appropriate care,” he wondered.
Colin Carter is a retiree and wants more investment in infrastructure for in-home and residential aged care.Credit:Scott McNaughton
The cost of specialists was a major concern as was the cost of living generally. He wants to know “how higher inflation and rising living costs may affect our retirement income received from government sources or from our own financial sources.”
He’s also worried about aged care services and want to see better infrastructure for in-home and out of home care.
“The state of aged care accommodation is of concern, we are all going to be affected by that in some way or another.”
Mr Carter said he was happy considering the support that had been given to Australians dealing with hardship over the last two years.
“I did mention that retirees on superannuation will get another year’s reduction – still, [there are] structural issues in the amount we have to draw down because people are living longer and more funds will need to be retained for living longer,” he said.
“Cash payments for Australians and tax offsets in July will be very handy and cost rebates to prescriptions and it’s good to see more home guarantee packages being offered to young people wanting to buy their first home. The apprentice support is always welcome and more training packages as well that’s great.”
He’s worried about the ability of young people to afford a home and considers it a key issue for his family.
“It’s a big issue for us all. For me, the cost of housing and how difficult it is to get into good accommodation at a young age,” he said.
“If there was change in that area, I would be supportive of that.”
‘A bit political’: Young and old have cost of living concerns in budget
Source: Philippines Alive
