People have been asking for the full list of retirement village developers following last week’s article. See the chart attached for the Top 20 who account for 1,755 units to be built in 2015.
NOTE: the results have been assembled from multiple sources and are close to accurate – but we may be out by a few units here and there.
Stockland 300
Lend Lease 150
Oak Tree 150
The Village 150
Uniting Care NSW 100
Anglican Retirement Villages 100
Australian Unity 100
Aveo 75
Retirement Communities Australia 75
Gannon 60
Walter Elliot / Palm Lakes 50
IRT 50
RetireAustralia 50
Churches of Christ 50
RSL Lifecare 50
Living choice 50
WARRIGAL 50
Adventist 50
Rymans 50
Southern Cross Care SA & NT 45
For 2015 we predict that 2,500 units overall will be built and sold, taking the sector from 17,500 units to close 20,000 that will trade in the 12 months.
What does it tell us? We are falling behind. We need to double the number of units built each year to maintain historic penetration at 5% of all people 65+ (or 8% of all people 75+).
Are we likely to catch up? No. Not in the next five years with current planning controls and capital restrictions.
