Golden years: Australia's ageing population is supporting strong demand growth

The Retirement Villages industry operate facilities for older individuals that wish to reside in a secure and community-focused environment. Industry facilities are different to many of the facilities operated in the wider Aged Care Residential Services industry, such as nursing homes, which provide higher levels of care. Residents that live in retirement villages are typically independent and choose to live in retirement villages for lifestyle reasons. Many retirement villages provide additional services for residents, such as meal preparation, laundry and cleaning services. Australia's ageing population has supported operators in the Retirement Villages industry over the past five more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24
Market Share of Companies

Industry Threats & Opportunities

  • Growth in the population aged 70 and over has increased the potential market for industry players
  • Complex contracts and high fees charged by large operators have spurred greater policy oversight
  • Rising health standards will benefit the industry, as residents may stay longer in establishments
  • Industry Report - Industry Investment Chapter

    The Retirement Villages industry exhibits a medium level of capital intensity. In 2017-18, for every dollar spent on wages, an estimated $0.16 is invested in capital requirements. Operators' capital requirements generally vary depending on their structure, operations and the services they provide. For example, smaller retirement villages may rent out their units, communal areas, and kitchen and dining room facilities to reduce their initial capital outlays and aid their entry into the industry. These players are typically more reliant on manual labour and therefore tend to be less capital intensive...purchase to read more.

    Additional Insights for the Retirement Villages Industry

    IBISWorld has determined the most important Key Success Factors for the Retirement Villages are:

  • Easy access to further appropriate land for development
  • Willingness to outsource when appropriate
  • Having marketing expertise
  • 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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    What's in this report

    What is the Retirement Villages Industry?

    Industry firms provide residential aged-care services for independent residents and for people requiring low-level care. Residents typically live in self-contained facilities in a community environment. The industry excludes firms that provide higher care, inpatient nursing and rehabilitation services.

    Industry Products
  • Accommodation charges
  • Meal services
  • Other services
  • Industry Activities
  • Residential aged-care services
  • Meal services
  • Other activities and events
  • Table of Contents

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

  • Current Performance
  • Revenue and profitability
  • Industry structure
  • Consolidation and expansion
  • Chart: Revenue Growth

  • Industry Outlook
  • Revenue and profitability
  • Ageing population
  • Supply meeting demand
  • Table: Retirement Villages Industry Revenue Outlook

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

  • 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 services
  • 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
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Retirement Villages

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

  • Industry Globalization
    Aveo Group, Stockland,
  • Table: Aveo Group - financial performance
  • Table: Stockland - financial performance

  • 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
    Table: Industry Data for the Retirement Villages Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)
  • Wages (2010-2024)
  • Purchases (2010-2024)
  • Profit (2010-2024)
  • Depreciation (2010-2024)
  • Rent (2010-2024)
  • Utilities (2010-2024)
  • Other (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Baby Boomer Generation
  • The generation made up of people that were born between 1946 and 1964.
  • Deferred Management Fee
  • An exit or departure fee, typically calculated based on a combination of the value of the property occupied by a resident and the length of their tenancy.
  • 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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Retirement Villages market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    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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