New buyer interest in retirement villages down 11% off COVID surge

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New enquiry for retirement village accommodation surged in 2021 off the back of lockdowns across the country and especially in Victoria – see the blue line above for monthly searches on villages.com.au.

2022 opened with enquiry being down 11% on 2021, narrowing to 3% in April 2022.

Four months of rain up and down the East Coast plus an election will also have impacted enquiry.

Even so, in April we experienced 104,000 unique visits to villages.com.au, which compares to the available stock to sell being limited to 1,916 village homes on average per month (23,000 per year).

Demand does exceed supply.

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