Retirement living: An urgent and growing need
The Green, the new Fairway Village at Lakelands Country Club will help bridge the gap for Over-55’s lifestyle living – an urgent and growing need in the Northern Suburbs.
Latest studies show there’s a shortage of 4,000 retirement homes for seniors in Western Australia and it’s getting worse. In Western Australia, the supply of retirement dwellings has been static for several years while demand has grown strongly. The present shortage is likely to increase dramatically unless additional retirement villages are built, particularly in areas like the northern suburbs which are now reaching maturity. The latest studies: 1. Conclude that the drastic shortage of retirement housing will worsen by 2025 when it forecasts the number of seniors wanting to live in retirement villages will rise to 382,000 double current requirements. 2. Highlight the need for urgent changes to state and local planning policies and laws. Increasing government regulation and lengthy planning delays are impacting supply.
As waiting lists grow longer, Over-55’s wait several years before they can buy. Their choice will be restricted and many will have to move away from their preferred locality.