Fiji Sun, 25 March – Retirement villages are precincts that have been purpose built to provide housing and support for elder citizens.
This is not a recent concept but over the last ten years in Australia it has been a rapidly growing segment of the property market and is now a multi-billion dollar industry.
When the concept was first introduced to the market it was most often managed by a charity or religious group, but the potential for profit is so good that it started to attract corporations and specialised companies who bought changes to the sector, created awareness of the value the retirement village concept brings and, maybe most importantly, changed the image to the role of the village from place where old people go to wait to die to an interesting and vibrant place for more mature people to live and engage in a big range of recreational activities at an affordable cost. Read more…
