Retirement Village Residents – Are They Healthier, Wealthier and Wiser?
Previous studies into DMF Retirement Villages have attempted to quantify the total number of villages, the types of owners/operators and estimated the number of residents. To date there has been little Australia wide analysis of retirement village residents to quantify this population group and measure whether they differ from residents in the surrounding locality and between regions.
Australia's ageing population brings the requirement for age-appropriate accommodation therefore identifying how residents are utilising the existing retirement village product is of benefit to strategic decision makers, planners, investors, developers and village operators.
This research correlates individual retirement villages with smallest area of 2011 ABS Census data (Statistical Area Level 1 (SA1)) to build up a picture of Australian retirement village residents.