New data confirms that the Australian retirement living sector is trending towards a greater proportion of vertical communities and a growing number of new developments are providing a wider variety of services to residents than ever before.
The annual PwC/Property Council Retirement Census for 2018 shows that nearly 30% of all new retirement communities under development have vertical village components, compared to 15% of existing developments, as baby boomer retirees show more of a preference for apartment living.
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.
Australia is about to experience a ‘silver tsunami’ with the population aged over 65 growing at a rate never seen before.
However, this booming demographic risks fewer and poorer housing options unless our state and territory governments do a better job of planning for housing for older Australians, including retirement villages.
The Retirement Living Planning Report Card, published by Urbis and commissioned by the Property Council of Australia, assesses states and territories on their performance in planning for seniors housing...
Public comment is being sought on the draft version of a new national Retirement Living Code of Conduct which all retirement community owners and operators will be encouraged to sign up to as part of their commitment to delivering great experiences for senior Australians.
More than 3,000 Australian retirement communities are providing accommodation and services to almost 300,000 people aged 65 and over, helping to extend their independence, facilitating access to health and wellbeing solutions, and providing new...
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...