PROSPERITY | JOBS | STRONG COMMUNITIES
Retirement villages support the universal desire of older Australians to stay independent and engaged in the community.
Ben Myers – Executive Director - Retirement Living
Retirement villages support the universal desire of older Australians to stay independent and engaged in the community.
Ben Myers – Executive Director - Retirement Living
Just as governments plan for diverse community needs such as schools, hospitals and public transport, governments need smarter land use policies that enable more retirement villages to be built.
Ben Myers – Executive Director - Retirement Living
Millions of dollars for operators have been saved on village acquisitions and capital gains through the removal of a double taxation threat and a change to make resident capital growth payments tax deductible.
To ensure retirement village manager skills and capabilities are consistently high, in 2015 the Property Council developed and launched the Village Management Industry Diploma. The Diploma is a dedicated training course for managers which, for the first time, recognises and develops their diverse skillsets in customer service, budget management, compliance, human resources, to help them effectively manage their village communities.
To remedy a lack of data about baseline information or trends in retirement living, the Property Council has partnered with PwC to create the PwC/Property Council Retirement Census, launched in 2015.The Census will become the touchstone for domestic and international investors, featuring data on average length of tenancy, age of entry, finance and payment models, entry prices and much more.
The Property Council commissioned research, which for the first time modelled the economic value of the retirement living sector and the savings to government delivered by the care and services on tap in retirement villages; this is just part of a research agenda that to date has encompassed planning reform, supporting residents with dementia, and quantifying the savings to aged care and hospital budgets as a result of the retirement village sector.
Through the reach of the Property Council, productive relationships have been built with relevant ministers, government departments and backbenchers at a state and federal level to ensure the voice of the retirement living sector is heard and understood.
The Property Council is committed to showcasing positive initiatives - supporting those in our villages and Future Leaders from all parts of the retirement sector. We have expanded our awards program and now recognise excellence in the categories Village Manager of the Year, Future Retirement Living Leader, Design Excellence, Innovation, Marketing Excellence and Best Refurbishment. Our annual National Retirement Living Summit hosts hundreds of delegates from the industry – an innovative and exciting forum for knowledge sharing and creating networks.
The Property Council created and supports the Lifemark Village Scheme, an independent accreditation pathway for villages to achieve and sustain quality in all aspects of their operation and management, to ensure residents have peace of mind about their village experience.
Australia’s property industry has called for a year of focus on demand-side solutions to reducing carbon emissions following a supply focused year in 2017, while welcoming the release of the 2017 Review of Climate Change Policies.
Overall industry supports a plan that will deliver much-needed town centre development as well as align with the McGowan government’s plans for Metronet – in particular Metrohubs.
The area outlined in the structure plan is of significant interest to the property industry as the Bayswater Train Station Precinct is now one of the most...
When 350 people from all walks of life got together recently to discuss ideas to improve the Perth city centre it was land and its various uses and controls that was common in the top ideas. The gathering soon discovered, however, that there was a lot less commonality amongst the groups that have direct control of land in the city centre.
With the Federal Budget announcement only two weeks away, the industry body has urged the government to leave negative gearing alone and instead fix the housing crisis with its “10 Point Plan”. Read here.
Billion
GDP
Retirement Living Industry contributes nearly $3 billion to Australian GDP annually
thousand residents
184,000 Australians live in retirement villages = 5.7% of the over 65 population
Billion
Savings
Services offered at retirement villages generate more than $2 billion in public health savings annually
Par Cent Growth
Sector growth has been independently measured at 7.5% per annum
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