What is the optimum positioning of the retirement living sector in five- and 10-years’ time?
Is 12.6% penetration of all people 75+ acceptable or could the sector carve out a significant new place in the broader community and with an expanded customer base? Can we match New Zealand with 14% penetration for over 75s?
Daniel Gannon, Retirement Living Council Executive Director, said to match New Zealand's penetration rate, an extra 80,000 apartments are needed above the 18,000 in the pipeline, which compares to the 49,000 required to maintain existing penetration. In short, a supply gap of 31,000 units.
At the Westpac Conversations in Melbourne event, DCM Group Founder and CEO Chris Baynes asks Angus Kukura, General Manager Retirement Living, at Amicum Retirement Living, who provide part or all of the sales and marketing functions for client villages; Josh Hellings, General Manager, Park Lane Group, and Charissa Harrison, the co-owner of new retirement living operator Urbanlife Resorts their views.
Check out the other Westpac Conversations at the Wharf videos HERE
