2015 PwC/Property Council Retirement Census released
On 20 August 2015, PwC and the Property Council of Australia released their 2015 PwC/Property Council Retirement Census (Census).
This annual Census is the first of its kind to collect data from the entire retirement living industry, which comprises both large and small retirement village operators representing more than 50,000 homes in retirement villages across Australia. The information collected includes things such as occupancy rates, unit sale prices, average resident ages and unit selling periods.
Some of the main results from the Census include:
The Property Council said of the Census that it “shows that villages in fact provide affordable housing for pensioners, particularly single women”. Indeed, this comprehensive survey provides useful data about the retirement village industry in Australia, which will be useful both to the private sector and governments alike.
The full results of the Census can be viewed on the Property Council of Australia’s website.
For more information or discussion, please contact HopgoodGanim Lawyers’ Health and Aged Care team.