People staying longer in Australia’s retirement villages – By The Weekly Source

The average age of people who live in a retirement village has risen to 81 years and people live in a village, on average, for eight to nine years according to the latest PwC/Property Council Retirement Census.

In addition, the average age of a person who enters a retirement village is 75 years of age, according to the latest PwC/Property Council Retirement Census.

Back in 2017, the average age of residents was 80 years and people were, on average, staying for seven years.

“This is a big change over the last few years, and we think we know why. Home care and the infrastructure to support a healthy ageing process and the built-form outcomes are having a significant influence,” said a spokesman for the Property Council’s Retirement Living Council.

“Coupled with the villages having more sophisticated assistive technology, e.g., monitoring and alarm systems or in-house communication platforms, we are likely to see this average number continuing to increase.”

Research conducted for the Retirement Living Council in 2014 found retirement village residents enter aged care on average five years later than those going from a family home.

Here at Summit Realty, we interpreted this last statistic as a compelling reason to discuss with your family about moving from the family home into a retirement village. You can find out more about the two villages that we manage here.

The Weekly Source