Baby boomers drive de­mand for homes

The Advertiser - Real Estate - - Retirement Living -

WITH the shift to life­style vil­lages com­bined with our age­ing pop­u­la­tion, de­mand for re­tire­ment accommodation has never been higher.

Se­niors Card Real Es­tate SA CEO Lynn Mas­son-forbes says the num­ber of baby boomers seek­ing re­tire­ment accommodation was plac­ing the re­tire­ment real es­tate mar­ket un­der strain.

‘‘There’s a huge short­age of places and what’s hap­pen­ing now is there is a real gap in the mar­ket be­tween what peo­ple are cur­rently be­ing of­fered and what peo­ple are ac­tu­ally look­ing for,’’ she says. ‘‘There was a study done by Flin­ders Univer­sity a while ago in as­so­ci­a­tion with the ECH and it shows the baby boomers are look­ing for a dif­fer­ent type of accommodation and are look­ing more for the gated life­style where they can pack up and go a way when they want to,’’ she says.

‘‘It’s safe and se­cure and there’s no main­te­nance and, as they age, any as­sis­tance they re­quire can be brought into the home. There is a real de­mand in re­gional ar­eas be­cause at the mo­ment a lot of peo­ple are want­ing to re­tire from re­gional prop­er­ties and a lot of them are be­ing forced down to the city be­cause there are not the re­gional accommodation op­tions they’re look­ing for.’’

Elder­care’s re­tire­ment hous­ing man­ager Lynne Cleve­land says the in­de­pen­dent liv­ing units cur­rently un­der con­struc­tion at Elder­care’s Cot­tage Grove Fa­cil­ity had land­scaped grounds which can be used by res­i­dents’ fam­ily and friends.

‘‘These units will have se­cure court­yards and paved ex­ter­nal ar­eas sur­round­ing each unit to as­sist in ac­cess across the site,’’ she says.

COM­MU­NITY SPIRIT: Elder­care re­tire­ment vil­lage res­i­dents en­joy a Melbourne Cup lunch.

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