As our population becomes proportionally older and more diverse, opportunities for the aged care and retirement living sector are increasing.
On 24 August Urbis Director Sarah Macklin presented at the PCA State Retirement Conference, contributing to a critical update on this sector in Victoria.
Sarah’s presentation ‘Retirement and Aged Care: Property Opportunities and Challenges’ outlines important demographic trends, such as the changing age structure of Victoria. The population of Victoria is becoming proportionally older, with an estimated 21.5% of the population being 65+ by 2051. This shifting demographic has significant implications for the property industry at a state, national and international level.
Sarah looked at the potential opportunities arising from these changes, such as providing wellness and leisure services and supporting phased retirement through meetings rooms and business facilities.
Also high on the agenda was how the property industry might respond to and address declining home ownership levels.
Sarah expects to see super trusts and real estate investment funds increasingly turning their eye to residential products, providing long-term leases for secure tenure and guaranteed price rises.
To find out more about this presentation, or to access a copy, contact Sarah Macklin.
Working with clients in the public and private sector, Urbis has helped change the shape – and improve the experience – of health and aged care in Australia. We’ve worked in the sector for more than 30 years, on everything from the evaluation of services to the design and planning of health and retirement living facilities.
Visit our Health and Aged Care page or get in touch with one of our experts to find out more.