Re­tirees move the goal­posts

The Weekend Post - Real Estate - - Real Estate - JANE PINDER

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.

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