Consider this line of thinking.
The PwC/Property Council Retirement Census identified that the average two-bedroom retirement village unit is priced at $398,000. With 68 village unit sales every day of the year this means that every day $27 million in village transactions take place for a value of $9.878 billion a year.
The same research identifies that a comparable private residence in the same suburb would be 30% more expensive. Therefore a minimum of $12.8 billion worth of family homes were sold to buy into retirement villages. All up, the sector is generating $22.7 billion in property transactions a year.
And this is not taking into account land lease communities or moving into aged care.
