Knight Frank’s Jake McKinnon told The AFR that there has been a significant decline in retirement village transactions last year, with the total value falling from $600 million in 2016 to $90 million in 2018, mainly due to a lack of major portfolio transactions.
Meanwhile, total sales of aged care facilities also fell from a peak of about $1 billion in 2015 to about $130 million annually between 2016 and 2018.
Russell Allison (pictured), Head of Health, Aged Care and Retirement at Knight Frank, spoke at our LEADERS SUMMIT in March and gave a comprehensive rundown of movements in the purchase and sale of retirement villages and aged care facilities over the last 12 months.
Watch the video of his talk HERE.
