Senior Queenslanders are moving to apartments in retirement according to latest research published recently in The Australian.
Retirement living in southeast Queensland is going high-rise, as a report shows almost a dozen people aged between 70 and 84 for every existing unit.
Property consultancy Urbis found 12.1 older residents for each retirement unit in Brisbane, where the local council has sought to spur development in the sector by slashing taxes and offering planning incentives.
Industry across the country has called for incentives and an overhaul of planning issues to cater for a wave of baby-boomer retirees downsizing their homes.
“What we’re seeing from the supply side is a number of developers are making their products more attractive to retirees, both in terms of facilities and the quality of built and human services.”
Urbis director Mal Aikman said the “baby-boomer bulge” was hitting the age where people have previously moved into retirement homes.
“The average entry age to a retirement village is about 72, the oldest baby-boomers are now 71,” he said.
“What we’re seeing from the supply side is a number of developers are making their products more attractive to retirees, both in terms of facilities and the quality of built and human services.”
According to the research, 25 per cent of units in development application and approval across southeast Queensland are more than 10 storeys high, a relatively new concept for the region.
To continue reading the full article published in the Australian click here
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