Retirees move the goalposts
veyed said they were living in the best home of their lives.
Three in 10 chose to upsize, with the top reason being to have a comfortable place for family to visit or live with them.
Bevan Geissmann, j oint managing director of Queensland retirement village developer Halcyon, said the phenomenon of baby boomers passing this freedom threshold had led the company to adapt its over 50s communities to suit the demographic.
“A term we use is the modern senior,” Dr Geissmann said.
“It ’s more a mindset than anything. They have grown up in relatively boom times. Incomes have gone up, balance sheets have gone up. People want to enjoy their money.
“They want to have a lovely home where family can come over for a big barbecue, and that’s not something from previous generations. It’s a whole different world.”
Dr Geissmann said traditional retirement living had been “prescriptive”, with the formula based on attached, singlestorey product that all looked the same.
Developers now had to listen to the needs of modern seniors and build villages based on market demand.
Dr Geissmann said freedom threshold seniors looking to buy a retirement home liked to keep their options open, often viewing it as their “next” move rather than as their “last” move.
“From a housing product point of view, we have homes with all the top-notch display appliances,” Dr Geissmann said. “That’s what they want. “These buyers don’t want to compromise.
“There is a whole new wave of product that is required.”
CONTEMPORARY DESIGN: This home at 12 Rainbow St, Kanimbla. was last week’s top selling residential property in the Cairns region.
BOOMER MINDSET: New designs are needed for the modern senior in retirement villages developments.