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A report backed by the Property Council of Australia has warned that there will be a serious shortfall in the amount of housing for over 65s in coming years, with demand for retirement villages expected to double by 2025.
The Retirement Living Council’s report says that almost 20 percent of Australia’s population will be over 65 by 2030, sparking huge demand for suitable housing. Suggestions for addressing the problem in the report include governments setting retirement living housing targets, fast-tracked approval of retirement living developments and making retirement communities permissible in all residential zones.
“The rapid increase in the number of older Australians needs to be matched by an increased determination by politicians and town planners to support the development of more seniors housing,” said the Retirement Living Council’s executive director Mary Wood.
“Purpose-built homes in retirement communities that are well located and expressly designed to support older Australians to be happy, independent and socially engaged is an important goal – but not one that our planning systems are well placed to achieve.”
Around 200,000 people, or five percent of people over the age of 65 currently live in retirement villages. […]