Agedcare retirment | Mollard Property Group
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OUR FOCUS SOCIAL INFRASTRUCTURE

Our team’s diverse professional knowledge in social infrastructure produces substantial dividends.

RETIREMENT AND AGED CARE

Retirement

Retirement villages are residential developments that offer accommodation, services and facilities to people aged 75 and over. Different from aged care, retirement living is all about having lifestyle options.

Retirement is a new stage of life, so it is important to provide retirees with services and lifestyle options they want, while keeping their needs in mind. More creative retirement villages are needed today to reflect the current society with a focus on community engagement.

The population aged 65+ in Australia is projected to grow by 5.18 million in 2027, which accounts for 20% of the total Australian population. With baby boomers begin to enter the retirement age, the tremendous increase in aging population ensures the demand for retirement living will continue to increase. Research shows that the number of seniors who live in retirement villages in Australia is predicted to be doubled from 2014 to 2025, increasing from 184,000 to 382,000.

For Operators

Retirement village development is not one-size-fits-all. We understand that different operators have different requirements, whether it is location, facilities or development scale. Mollard Property Group works closely with retirement village operators to understand their unique mandate requirements, source sites based on their locational and development objectives, provide preliminary concept design and financial analysis to ensure our Client’s next retirement village development tick all the boxes.

Aged Care

Residential aged care offers accommodation, care and support to people aged 80 and over. It provides residents with 24/7 care in a supported environment, ensuring residents receive the support they need. Services provided in a residential aged care include accommodation, assistance with day-to-day living, nursing services and intensive care. Special care for dementia, respite and palliative are also available in most aged care facilities.

Aged care is a highly-regulated industry and is licensed through the Aged Care Approvals Round (ACAR) released by the Department of Health annually. As of 2017, there were 902 aged care operators providing over 200,000 licensed places in residential care nationally, with an average occupancy rate of 92%.

Residential aged care remains as the dominant form of care among other types of care such as home care and transition care. However, the 2018 Aged Care Financing Authority report suggests that the proportion of people using home care has increased, with the government planned expansion of home care packages, it may substitute some of the need for residential care in the coming years. The demand for residential aged care, however, will begin to grow at a faster pace again from 2027, when baby boomers enter their 80s.