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Retirement Villages: The Next Cash Cow?

Posted by: Charlotte Fitzgerald
Thanks to: Charlotte Fitzgerald
8 February 2004 - 7:00am

With a forecast 195% increase in the number of 65-84 year olds in Australia to 2026, retirement villages could be the next development

A report from the University of Queensland's Centre for Research in Sustainable Urban and Regional Futures suggests that "the retirement village industry may need to find up to $19 billion to build almost 80,000 units over the next 20 years". Types of funding for retirement villages, purchasing/leasing models for residents, some of the barriers to entry for this "niche product", and a summary of Australia's larger retirement industry players are covered in this article.

Full Story: Age of the Village People Looms
Source: The Australian, February 5, 2004
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One of the keys to regional and local prosperity is the ability to attract and retain high-skilled people. ... Many people can, and do, choose where they want to live based on factors beyond their ability to make a living.
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