Our back of envelope analysis of new unit development in retirement villages across the country identifies 2,600 units will be finished in calendar 2015. This is an increase of 1100 units over 2014, or 73%.

However to maintain penetration at 8% of all households a 75+ construction needs to be a minimum of 5,500 units per year and increasing; the sector is going backwards.

The top three village developers account for 625 units or 24%. They are Stockland (300), Oak Tree (175) and Lend Lease (150).

The top 20 combined will deliver 1,680 units.

Across the 2,600 units built, allocating an average capital investment of $300,000 delivers funding into the sector of $780 million. Another $1 billion capital is required, not to mention the land.
I

n the short term only not for profits have the balance sheets and the land, plus the mission, to deliver this volume.