A matter of time
RESEARCH by the Property Council of Australia last year found Australia would face a seniors housing crisis without “urgent change” to state and local planning systems to enable the development of more retirement villages.
It said that by 2025 the demand for retirement living accommodation for people aged over 65 years is expected to double. But at the current rate of development there will simply not be enough supply for this segment of the population.
There is a good case for promoting Douglas Shire as a seniors’ retirement locale. As has already been pointed out in the current debate about a proposed retirement community off Ferrero Rd in Port Douglas, seniors bring strong economic benefits to a community. They bring money and don’t take jobs, they create them.
And the jobs angle is interesting. Anyone with an eye on the future will note how robots will do many of the jobs now done by people.
It’s an awful prospect that we can hardly bear to acknowledge, but unemployment in the future is likely to be very high. That means communities with a large and affluent seniors population will be comparatively more sustainable.
They will have made their money in the current, high employment economic climate, not the more daunting future one. Last century’s dough carrying over into this one, if you like.
Douglas Shire Council uses the word “sustainability” a lot. Economic sustainability is every bit part of that.
There’s good reason to think that Australia’s ageing demographic will see more seniors deciding to finally make that seachange that they deferred for a while when the global financial crisis hit. Baby Boomers – they’re a tidal wave through the national population.
We should get our share!