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Senior Trust is in a strong position to leverage the opportunities within the retirement village sector

  • March 02, 2021 03:04 PM NZDT
  • Team Kalkine
    Team Kalkine
    Team Kalkine
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Senior Trust is in a strong position to leverage the opportunities within the retirement village sector

Source: fizkes,Shutterstock

Summary

  • Retirement village sector has been booming amid an aging population, changing tastes, and the rising affordability of retirement village living.
  • Senior Trust is a specialist lender to the retirement village industry and funds the expansion of retirement villages and aged care facilities.
  • Retirement village industry is growing to fulfil the demand created by a surge of Kiwis reaching the 70+ cohort.
  • Senior Trust carefully selects well located, soundly run retirement villages and aged care facilities that meet their investment criteria.

The Retirement village industry has been flourishing, supported by an ageing population, and changing retirement living preferences. Industry commentary suggests that Retirement Villages are offering an increasingly important solution to New Zealand's much publicised housing crisis.

The retirement sector has strong growth predictions due to the rapidly growing 75+ population and an increasing acceptance of retirement village living. The industry is expanding to meet the demand created by an ageing population. 

The burgeoning growth prospects of the retirement village sector has set the stage for Senior Trust. Senior Trust funds the expansion of retirement villages and aged care facilities, which provide a high standard of living for retirees.

Growth in the Retirement Village Sector

The growing appetite towards retirement village living among senior Kiwis is, in part, due to extra security and socialisation prospects.

With more and more parents living away from their children due to the growing affordability of living in retirement villages relative to the local residential sector, retirement villages have come into prominence.

The number of dwellings in modern resort-style facilities offering wide-ranging care and support has increased significantly in the last decade. Senior Trust considers that the high visibility of these quality Retirement Villages is resulting in a great degree of social acceptance. The foreseeable demand for quality retirement accommodation in many locations is creating a positive investment opportunity.

Source: Copyright © 2021 Kalkine Media Pty Ltd. (Data Source: seniortrust.co.nz)

At present, the proportion of people over 75 in retirement villages was 13.9% of the population. Statistics New Zealand estimates the population over 75 will balloon to 784,000 by 2043.

Senior Trust lends only to the Retirement Villages

Senior Trust believes that the demographic wave of ‘baby boomers’ seeking to live in Retirement Villages has created strong demand for loan funds.

Demographers and statisticians have coined the phrase ‘Grey Tsunami’ which generally refers to the baby boom which started in 1946 at the end of the Second World War and which has been surging through the New Zealand population.

In 2016, the first of these post-war baby boomers turned 70, which offers the potential for a sustained period of increased demand for both Retirement Villages and Aged Care Facilities.

Senior Trust Retirement Village Income Generator Limited is the issuer of the products. The Product Disclosure Statement for the offer is available and can be obtained on our website at www.seniortrust.co.nz or at www.business.govt.nz/disclose under Senior Trust Retirement Village Income Generator Limited’s offer number (OFR12802).

 


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