On the one hand the Village Life group has a rocky year transferring most of its 80+ rental villages over to SunnyCove because of the hard going to make the financial model work, and on the other hand the American group Harvest Developments announces it is going to build 10 villages in the next 2 years based on its US formula that has allowed it to build 300 villages in 30 years. The average entry age in America is 83 and they stay for an average of 3 years.
Opinion
Retirement villages have Canberra’s attention – now the sector must prove its value
Three years after Daniel Gannon took the reins of the Retirement Living Council (RLC), the sector has achieved something his predecessor Ben Myers was never able to: national recognition in Canberra. This is just the fist step. Retirement villages now need to capitalise on this moment. Here’s how.
