Exactly 12 months ago the founding editor of Business Spectator said for the retirement village sector to be successful:
they need to be regulated properly before that happens.
This lengthy article followed a similar deep criticism of the sector 12 months earlier.
This week Florence Chong writes in Business Spectator:
Retirement villages have been the least attractive segment of the broader residential market. It is an attitude that defies logic. The facts may be starting to dawn on institutional investors More than $1bn worth of transactions in retirement villages have taken place in recent months, mostly between late 2014 and June this year.
Rather than seeing the down side of the sector, Florence sees the upside driven by consumers who are buying product.
