It is not widely understood in Australia that New Zealand has a significantly stronger village market than here (together with larger DMFs). Their housing market has suffered a bigger collapse than Australia, resulting in for the first time a large number of villages with vacancies. Statistics on the ElderNet website, which lists vacancies at retirement villages, reveals 51 of 64 villages in Auckland have vacancies, plus 31 out of 50 in the Waikato, 44 out of 81 in Canterbury and 17 out of 30 in the Bay of Plenty.
Opinion
RIP: We are seeing the death of the family-run aged care operator
It feels like I am writing an obituary to family-run aged care facilities. Once the backbone of the sector, multi-generation operators are now selling out at a pace not seen before. The sell-off is accelerating, with three landmark deals in just two...
