Property Australia

What’s on the retirement living radar?

PROPERTY AUSTRALIA November 17, 2020

Dive deep into the retirement living industry’s annual census, cheer on your colleagues at the National Retirement Living Awards and learn more about the WA Government’s plans to fast-track legislation reform.

 

  1. 2020 Retirement Census results

Now in its seventh year, the PwC/Property Council Retirement Census is the biggest annual data collection of the Australian retirement living industry. On Tuesday 24 November at 3pm AEDT, Tony Massaro, partner of PwC will unveil the 2020 results. The free online briefing for members will provide a deep dive of this year’s data and analyse the big picture trends. It’s not one to be missed, so register now.

 

  1. Western Australia Retirement Living Reforms

Some elements of current retirement village legislation reform are being fast-tracked by the McGowan Government’s State Recovery Advisory Group. The Property Council recently took a pulse test of the industry’s views on buy backs in Western Australia. The response was clear: 66.67 per cent of respondents provide some form of buybacks. Operators were asked in a typical year what percentage of residents move on, pass away or are placed into aged care. Importantly, the average of residents moving somewhere else was 0.87 per cent.

Ben Myers, the Property Council’s executive director for retirement living, says members support “sensible reform”, but want to ensure these reforms “recognise the lawfulness of existing contractual arrangements, allow for ongoing contract choice and ensure a viable retirement living sector that can afford to continue delivering affordable, safe and secure age-friendly communities”. Read the Property Council’s submission to learn more.

 

  1. National Retirement Living Awards tomorrow!

The show must go on(line)! The National Retirement Living Awards recognise the projects and people driving innovation and excellence throughout the sector. For the first time, free passes mean everyone in the industry can gather virtually to cheer on the finalists in eight categories and celebrate with the winners. The awards start at tomorrow, Thursday 19 November 4pm AEDT tomorrow, so hurry to book your free ticket today.

Tags: RETIREMENT