Noral Rich, National Director: Health & Aged Care at Jones Lang LaSalle, overviewed the state of the village development market at the RVA QLD Regional Conference last week. The JLL National Retirement Village Database captures all existing retirement villages and forecasts future development based on approvals and current projects under construction. Her snapshot from pre GFC to today indicates new building activity is getting back to normal levels. What percentage is Not For Profits would be interesting. Her results:
Development Under Villages % Stalled
Pipeline Construction Stalled
2007 249 154 95 38%
2008 322 179 143 44%
2009 338 192 146 43%
2010 376 240 136 36%
2011 376 236 140 37%
RVA Regional Conferences are rolling across the country. VIC 19 July, NSW 25/26 July, SA 2 Aug, Perth 10 Aug. For information email info@rva.com.au.
