Retirement Villages in Australia - Market Research Report (2014-2029)

Living it up: Villages are improving and expanding offerings to entice more demanding baby boomers

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Residents are often independent and choose to live in retirement villages for lifestyle reasons. Many retirement villages provide additional services for residents, like meal preparation, laundry and cleaning services. Higher customer expectations are gradually changing the industry's product offerings. This trend has led to variation in facilities, including the construction of luxury resorts in coastal locations for baby boomers wanting a sea change and new vertical higher-density facilities in inner-city locations. Other facility operators are providing integrated product offerings, including co-located retirement villages and aged-care facilities.

Retirement villages provide residential aged-care services for independent residents and for people requiring low-level care. Residents typically live in self-contained facilities in a community environment. The industry excludes firms that provide higher care, inpatient nursing and rehabilitation services.