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Aussie retirees in search of affordable homes turning to trailer parks

Australia's expanding ranks of retirees, faced with declining affordability of housing and inadequate savings, are set to boost demand for cheaper manufactured homes

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An aerial view of houses located in Sydney's eastern suburbs. Home values jumped 9.3% in Australian capital cities in the year through September, according to researcher RP Data Pty. In Sydney, they rose 14% to a median A$655,000 and in Melbourne 12% to A$535,000.

Sydney

JOHN Purnell, 75, and his wife Patricia, 72, moved into a factory-built house in a converted trailer park west of Sydney this year, eschewing traditional retirement communities and other homes in the area.

"Retirement villages are quite expensive," Patricia, a former payroll

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