Occupancy of retirement villages in Australia is close to capacity, highlighting the forthcoming shortage of age appropriate housing for senior Australians in their local communities, according to new data.
The results of the annual PwC/Property Council Retirement Census show increasing numbers of older Australians are choosing to live in a retirement village, and taking advantage of hotel-style services, visiting health professionals and cash left over from the sale of their family home.
Through 2016, retirement villages across the nation were...
Executive Director - Retirement Living For The Property Council Of Australia
￼￼￼Ben is Executive Director of Retirement Living for the Property Council of Australia. As the peak industry representative for retirement living operators across Australia, Ben is responsible for championing policy and advocacy that underpins the social licence and future growth of the industry. He is also responsible for managing the Retirement Living Council, which is a national leadership group for the retirement living sector.
As more than 500 retirement living leaders gathered at the Gold Coast, a test of the industry’s pulse reveals that national occupancy nears capacity and senior Australians face a shortage of age-appropriate housing.
The annual National Retirement Living Summit wrapped up in Queensland earlier this week, with the industry’s heavyweights recommitting to the Retirement Living 8-Point Plan.
The blueprint to lift standards and improve transparency is already delivering dividends, said President Alison Quinn.
Launching consultation on a new Retirement Living...
Retirement living provides benefits and amenities in addition to independent accommodation. This analysis provides a comparison of retirement living with commensurate general residential living. These benefits and amenities are compared on a like-for-like basis using data across Australia.
The accommodation, facilities and services available in a retirement village provide amenity and quality of life. Most general residential does not offer this. A senior living in general residential would either have to compromise or pay an additional amount for the benefits...