Retiree living reaches for sky: baby-boomers head for high rises

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What we’re seeing from the supply side is a number of developers are making their products more attractive to retirees, both in terms of facilities and the quality of built and human services.

Urbis director Mal Aikman said the “baby-boomer bulge” was hitting the age where people have previously moved into retirement homes.

“The average entry age to a retirement village is about 72, the oldest baby-boomers are now 71,” he said.

“What we’re seeing from the supply side is a number of developers are making their products more attractive to retirees, both in terms of facilities and the quality of built and human services.”

According to the research, 25 per cent of units in development application and approval across southeast Queensland are more than 10 storeys high, a relatively new concept for the region.

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For more information on the Queensland aged care and apartment markets, please contact Malcolm.