Overview

Coming of age: Revenue soars as retiring baby boomers drive industry demand

IBISWorld’s Retirement Villages market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

REPORT SNAPSHOT

Industry Threats & Opportunities

  • Industry margins have grown over the period due to rising demand from an ageing population

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    Industry Analysis & Industry Trends

    Australia's ageing population has greatly assisted operators in the Retirement Villages industry over the past five years. Retirement villages differ from many of the facilities in the Aged Care Residential Services industry that primarily provide higher levels of care, such as nursing homes. Residents that live in retirement villages are typically independent and often live in retirement villages because they are seeking security and a community environment. Many retirement villages provide some care for residents, including meal, laundry and cleaning services.

    The share of the population aged 70 and over has increased over the past five years, creating a larger potential market for industry players...

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    What is the Retirement Villages industry?

    The industry predominantly provides accommodation services. Many operators offer other services such as meals, on-site medical staff and housecleaning. Some of these services are included in the overall fee, while others are opt-in with residents choosing whether to pay additional charges.

    Accommodation

    Accommodation is the main service provided by industry operators. Operators will either charge a one-off buy-in fee or a recurrent charge similar to rent. These fees will often be closely tied to rental charges and property prices in the wider residential market, to make industry services competitive compared with independent living with periodic care. Increases in property prices over the past five years have allowed industry operators to increase fees. As...

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    Additional Insights for the Retirement Villages Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Retirement Villages Industry are

  • Easy access to further appropriate land for development
  • Willingness to outsource when appropriate
  • Understanding government regulations
  • IBISWorld analysts also discuss how external factors such as Population aged 70 and older and Real household disposable income in the Retirement Villages industry impact industry performance..

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    Products & Brands

    Major products in this industry
    Accommodation charges
    Meal service
    Other services

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Population aged 70 and older
  • Real household disposable income
  • Cash rate
  • Total health expenditure

  • Current Performance
  • Chart: Revenue Growth

  • Industry Outlook
  • Table: Retirement Villages Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Retirement Villages Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Commercial and Industrial Building Construction
  • General Practice Medical Services
  • House Construction
  • Laundry and Dry-Cleaning Services
  • Multi-Unit Apartment and Townhouse Construction

  • Products & Services
  • Accommodation charges
  • Meal service
  • Other services
  • Chart: Retirement Villages Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Centrelink
  • Department of Veterans' Affairs pension
  • Self-funded
  • Chart: Major Market Segmentation for the Retirement Villages Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Depreciation
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Retirement Villages

  • Basis of Competition
  • Internal
  • External

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Retirement Villages Industry

  • Industry Globalization
    Major Companies
    Aveo GroupStockland
  • Table: Aveo Group - financial performance
  • Table: Stockland - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Retirement Villages Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Retirement Villages Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Baby Boomer Generation
  • The generation made up of people that were born between 1946 and 1964.
  • Occupancy Rate
  • The ratio between the number of occupied units and the total number of units in a retirement village.
  • Retirement Village
  • Aged-care facilities for independent residents or residents that require low levels of care.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Retirement Villages:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Retirement Villages market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Retirement Villages, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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