The effect of the Victorian Aged Care Rule on the retirement village sector

Thee dramatic increase in the number of Australians turning 65 over the next 20 years is an established demographic fact. Indeed, the Commonwealth Treasury projects a doubling of the senior’s population by 2050, with an economically significant reduction in the ratio of taxpayers to retirees.

Logic suggests that there needs to be a huge corresponding increase in the amount of purpose-built housing so that the 8.1 million Australians who will be over 65 by 2050 continue to have the housing choice, independence and autonomy that they expect and
deserve.

The Property Council of Australia commissioned Grant Thornton to undertake a study of the effect of the Victorian Aged Care Rule on the retirement village sector, with specific focus on the impacts of the Aged Care Rule and proposed solutions.