Retirement Villages: The Next Cash Cow?
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.
Thanks to Charlotte Fitzgerald
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Published on Thursday, February 5, 2004 in
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