NEW YORK: Retirement community and aged care operators are growing apart from the market with their ‘all retirees have similar housing needs’ approach.
A new report has identified six types of requirements retirees have for housing:
1. Age-in-place: The group that wants to, and is able to, keep living in the family home.
2. Local-adapters: The group that has recently or wants to, and is able to, move out of their current home but keep living in the same area.
3. Scene-changers: The group that has recently or wants to, and is able to, move out of the current home and area to somewhere with greater amenity.
4. Constrained-retreat: The group that wants to keep living in their current home, or even the same area, but is forced to make compromises due to financial constraints.
5. Increased-dependency: The group that wants to stay in their current home but has to make housing or location compromises due to deteriorating health.
6. Older-renters: The group that has reached retirement without purchasing their own home, and will need to retain or find ongoing rental accommodation…