In the headlines
$13.5B land lease community penetration rate now estimated 3% compared to 1.6% in 2021 with demand unsatisfied: Chadwick Property Valuers
Oct 22 2024
1 min read
Ian Horswill

The Retirement Living Council states 250,000 people live in retirement living; the Chadwick Land Lease Communities (LLC) Industry Report September 2024 estimates 135,000 people now live in the $13.5 billion land lease communities’ sector. 

“In our opinion the current penetration rate of 3% today does not necessarily reflect demand/supply equilibrium, consequently it is difficult to establish the true “market penetration”.  

"For example, the rate of home sale within the LLC development across the East Coast has continued to the point where, in our experience, demand has yet to have been truly satisfied over a sustained period,” states the report. 

According to the Retirement Living Council, retirement villages account for 5.7%  of people over 65 and 12% for people over 75. 

Chadwick research states there are 420 pure land lease communities, with 230 owned by five companies, with the top 10 providers estimated to have 60% of all stock.  

Browse the #1 website villages.com.au and check availability for all retirement living and land lease resorts.   

Latest stories

Aged Care

New Aged Care Act – and Plan B co-contribution funding – was achieved just three years to the day from when the sector was called to mobilise

In November 2021, the editorial team here at DCM/The SOURCE sat down and discussed what is the future for aged care. To be blunt, there was no optimism in the sector as operators racked up month after month of financial losses.

Chris Baynes
22 Nov 2024
News & Issues

Retirement Living Council says ABC 7.30 retirement living coverage is activist journalism

The Retirement Living Council has told the ABC its “campaign” against the retirement living sector is clearly in breach of the taxpayer-funded broadcaster’s Editorial Policies, Principles and Standards, particularly in relation to impartiality...

Ian Horswill
22 Oct 2024
In the Headlines

Lifestyle Communities aligns with a sporting club’s women’s side to put on its best face

Now the land lease operator, based in South Melbourne, has struck a partnership with another AFL club, Geelong Cats for the 2024 AFLW season

Ian Horswill
16 Sep 2024
In the Headlines

The concessions the Govt made to the Opposition to see the new Aged Care Act tabled in Parliament

Shadow Minister for Aged Care, Senator Anne Ruston wanted to make it clear “this is Labor’s package of reforms” for the aged care sector. The Opposition though has achieved significant changes as it negotiated with the Government. These include:

Ian Horswill
12 Sep 2024