Save thousands on your home loan
Compare 25+ lenders and hundreds of loans in an instant
I want:
Westpac Macquarie citibank commonwealth bank anz bankwest
finni mortgages logo
google reviews
4.9
star star star star star
Rating based on 147 reviews

×

Better planning needed for senior-targeted developments

22 JUN 2018 By Sasha Karen 5 min read Hotspots

In what is being described as a “silver tsunami”, the population of those over 65 years-old is set to boom, yet our current housing options are not ready to accommodate for this influx, the Property Council of Australia has warned.

seniors spi 1

This influx has been highlighted by the Retirement Living Planning Report Card report, which was published by Urbis and commissioned by the Property Council of Australia.

Assessed on four recommendations of increasing land availability, supporting more commercially viable developments, improving alignment with market needs and elevating retirement living to state importance in planning schemes and then given a score out of 100, the results of the Report Card are:

You’re out of free articles for this month

Rank

State or Territory

Overall score

1

South Australia

52.8

2

NSW

50.9

3

ACT

Loading form...

50.2

4

Victoria

46.8

5

Queensland

41.2

6

Western Australia

40

7

Tasmania

36.5

N/A

Northern Territory

N/A

The results were not exactly something to be proud of, said Kylie Newcombe, associate director of Urbis and author of the report, as she said the scores were low overall.

In order to see improvement, Ms Newcombe said that there needs to be a shift from seeing planning as a barrier to planning as an enabler.

“Common hurdles to developing seniors housing are the ongoing competition for land, historic zoning and height restrictions, and a general lack of understanding of the market’s needs by authorities,” she said.

“Ideally, there would be a more flexible approach that is tailored to what seniors need and want.”

From the report, consistent themes were discovered about the current state of developing for senior-specific housing. These are:

  • There is increasing competition with standard residential development;
  • Land availability in some states is a concern;
  • The industry is looking for support from governments, which can help in addressing critical issues; and
  • The retirement living industry in NSW’s current planning policy for retirement living needs updating as a whole, which then could be adopted by other states and territories.

According to Ben Myers, executive director of retirement living at the Property Council of Australia, the report highlights the need for states and local governments to ensure land is available for dedicated senior housing.

“Issues such as zoning and overly restrictive height controls can inhibit the redevelopment potential of existing communities to ensure the expectations of Australian retirees are met,” Mr Myers said.

“Without changes to planning policy and improved awareness at council level, seniors may find their choices limited, and be more likely to be stuck in homes that reduce their ability to stay independent and healthy.

“Retirees would benefit greatly from specific seniors housing policies and targets, to promote appropriate development, to ensure there are options available for people aged 65 and over.”

Tags:
You need to be a member to post comments. Become a member for free today!

Related articles