Jones Lang LeSalle NZ has just released a study that reveals 33,000 New Zealanders now live in retirement villages, from 24,000 three years ago a jump of 38%.
On top of this 75 of their 363 registered villages have some level of development pipeline and 51 entirely new villages are planned.
It is interesting to note that village unit prices are growing in line with normal residential housing prices and yet most NZ operators to not offer a share of the capital gain supporting the move by Aveo last week in Australia and joining our not-for-profits with this strategy.
This should be noted however that nearly all new villages in New Zealand have co-located residential aged care, attracting a slightly older customer who has a greater focus on the end journey.
There has been no new residential aged care facilities built outside of retirement villages in the past six is in New Zealand.