Unfortunately I think your right.
A side discussion needs to be had in Australia on what life time renting looks like. If the new norm is 20-30% of people are renters for life, then what needs to change to make that workable. i.e longer leases 5-10 years, Allow renters to do capital works, minimum standards for rentals in terms of heating/cooling and appliances.
A lot of Bens concerns arise because we can imagine a retiree with limited rights living at the mercy of the landlord and living in squalor. If rental stock was good quality and lessee rights were improved this might not be the scary proposition it is today.