LEARN MORE ABOUT THE FUNDS FIRST MORTGAGE ADVANCES;
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Registered retirement village growth - recent trendsThe first Baby Boomers turned 60 in 2006, signalling the start of a 20-year period when a huge wave of New Zealander's would reach the age of retirement. As medical breakthroughs enable Baby Boomers to live longer, they will create an increasingly powerful demand for more retirement villages and aged care facilities.
Detailed below are the key trends in the retirement village sector, the information is based on Statistics New Zealand February 2015 population projections, international property consultants Jones Lang LaSalle (JLL) New Zealand Retirement Village Database Whitepaper (December 2015) and other industry reports |
New Zealand's Aging Population Forecast
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Growth in the Retirement Village sector
The reasons for the strong growth in the retirement village industry include;
Opportunity for Senior Trust
The Potential Demand For Retirement Village Units Between 2018 to 2043 Is Detailed Below
Additional demand from 55,336 residents and 42,566 units Or 284 villages with the average unit count of 150 On an annual basis this equates to 1,703 units or 11.4 villages To meet this target approximately 5 of these villages will need to be delivered by independently owned villages. Senior Trust is focused on supporting experienced, skilled independent operators with proven capability with the funding they require to meet the growth in the retirement village sector. This demand for capital will underpin the sustainability of the premium income returns enjoyed by Senior Trust investors. New Zealand Retirement Village Database Whitepaper (December 2015) |