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What's in a Senior Living Market Assessment?
Capitalising on the growing demographic of older Australians, developers are recognising a lucrative investment opportunity in the realm of retirement living and lifestyle communities. Those seeking retirement living and lifestyle living are eager to see high-quality living spaces paired with a holistic lifestyle that caters to individual needs and preferences, including:
- A Potential Mix of Development within the Zoning Provisions
- A blend of age-appropriate design
- Recreational Facilities
- Healthcare Services
- Social Activities
As the demand for such housing continues to rise, the investment potential in these specialised communities becomes increasingly evident.
How will a Senior Living Market Assessment benefit you?
Financial Benefits of Senior Living Market Assessment
A project-specific market assessment is the key for property developers and investors to succeed. Assessing local market conditions and unmet demand will help you appropriately scale and design your retirement living and / or lifestyle living projects.
A market assessment for senior living, whether that be a retirement living facility or lifestyle living facility, will provide you with insights of:
• The housing needs of local older Australians in a particular catchment.
• Competitive landscape of comparable facilities.
• How effective the current demand is being serviced by the existing supply of retirement living and lifestyle living facilities.
• The projected growth in retirement living and lifestyle living housing facilities.