Seniors Living Insight
Knight Franks latest look at retirement villages, aged care and manufactured housing. Underpinned by the baby boomer generation, the number of persons aged 65+ is set to almost double over the next two decades. To ensure future demand is met, the seniors living sector is experiencing significant policy reforms with the emphasis shifting towards home care. With a shortfall of seniors living accommodation across all industry subsectors, developers and operators have responded through the construction of new facilities and aggressive investment mandates. As operators continue to search for scale to achieve operational efficiencies, further industry consolidation is expected to occur.