I am on holidays, which has given me some quiet time to go back over the presentations at the LEADERS SUMMIT, and the graph above and below jumped out at me from Cam Ansell’s presentation. Check the growth in Assisted Living.
Cam is the Founder and Managing Director of Ansell Strategic, and he argues that traditional retirement villages and the concept of independent living will slowly decline over the next 20 years, while the growth market will be Assisted Living.
His LEADERS SUMMIT presentation goes for 26 minutes and explains why this is so, but I commend you watch from the 19-minute mark to get a snapshot of why you should be investing here rather than anywhere else in the ageing accommodation sector.
As you can, he predicts over 200,000 people will take up assisted living in the next 10 years. If each person commits an average of $750,000 to this housing form, the value is $150 billion.
Cam also explains that he believes that assisted living will be standalone developments, not co-located villages with an aged care facility.
He also refers to his extensive consulting experience in New Zealand, where the village sector has walked away from loss making residential care.
It is a strong argument, and one that is important for operators, State and Federal Governments to consider.
