With the cost of living and higher interest rates slowing sales across the retirement village sector, older villages with ageing community facilities are in line for the biggest financial hit. Is investing in refurbishments that deliver on care and community the answer?

The average age of a retirement village is now 29 years according to the PwC/Property Council Retirement Census.

With 3,000 villages across the country, that is a huge number of villages which are now 30, 40 and even 50 years-plus and reaching the end of their lifespan.

Some village operators are