MORE VIL­LAGES TO AVOID ‘CRI­SIS’

The Courier-Mail - Home - - RITZY FACILITIES -

New data has re­vealed an “im­mi­nent cri­sis” in the re­tire­ment hous­ing sec­tor, with oc­cu­pancy lev­els at cur­rent fa­cil­i­ties close to ca­pac­ity.

The PwC/Prop­erty Coun­cil Re­tire­ment Cen­sus found an in­creas­ing num­ber of older Aus­tralians were opt­ing to live in a re­tire­ment vil­lage, with re­sort-style ameni­ties, ac­cess to health pro­fes­sion­als and ex­tra cash from the sale of the fam­ily home among the rea­sons for the trend.

But re­tire­ment vil­lages across Aus­tralia were close to their “prac­ti­cal ca­pac­ity” of 93 per cent oc­cu­pancy in 2016, with the Prop­erty Coun­cil warn­ing that many se­niors could be left out in the cold. Prop­erty Coun­cil of Aus­tralia Re­tire­ment Liv­ing ex­ec­u­tive di­rec­tor Ben My­ers said ur­gent ac­tion was needed to en­cour­age the devel­op­ment of new re­tire­ment vil­lages in all ma­jor cities.

“With­out sig­nif­i­cant im­prove­ments in state plan­ning pol­icy, many se­niors won’t be able to ac­cess these ben­e­fits in com­ing years – we are fac­ing an im­mi­nent ca­pac­ity cri­sis,” he said, warn­ing many pri­vate homes were not suit­able for se­niors to “age in place”.

Mean­while, the cen­sus re­vealed Queens­land per­formed bet­ter than other states in terms of af­ford­abil­ity, with an “in­de­pen­dent liv­ing unit” cost­ing, on av­er­age, 77 per cent of the me­dian house price in the Bris­bane metro re­gion.

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