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100% rise in Canberra old folk

28 August 2015 by News Desk

health_old manThe number of retired people in Canberra is set to double in the next decade and more housing is desperately needed.

A huge increase in the number of retirement homes and villages is needed to meet growing demand from ageing baby boomers. In less than a decade 15% of Canberra residents will be aged over 65 and retirement villages around the country already have an average occupancy rate of more than 90%.

A new Retirement Census by the Property Council calls for the ACT Government to change its’ current policies including setting retirement living housing targets, fast-tracking approvals, and making retirement living a permissible development in residential zones.

Darrell Todd of thinkingaustralia says: “These latest figures show the huge demand and need for new construction over coming years, which provides a real opportunity for skilled workers seeking jobs in Australia”.

There are over 2,300 retirement villages in Australia. The average monthly service fee covering cost of facilities, services and staff, is $434 (around 25% of the monthly pension for full single pensioners).

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