Home Property Australia Better benchmarking better advocacy better business

Better benchmarking better advocacy better business

  • May 18, 2016

Better benchmarking, better advocacy, better business

The PwC/Property Council Retirement Census is the most comprehensive aggregated data source about retirement villages in Australia. Examining the characteristics of residents, operators and villages, the Retirement Census has become the key tool for high performing businesses.

The data collection for the 2016 Retirement Census has now closed.  PwC will commence analysing the data to produce reports which will be released in the second half of the year.

Operators who participated in the 2015 Retirement Census received a confidential page report from PwC with rich data analysis, in addition to the (publicly available) two page infographic report. The Retirement Census report is critical to helping you benchmark your business and ensure you remain agile in this competitive sector.

The Retirement Census is also an invaluable tool for Property Council advocacy, in all states and territories, and with all levels of governments. The Retirement Census gives your industry body reliable data to support policy decisions and lobbying efforts in order to increase the understanding of regulators and politicians of the scale and nature of the retirement living sector.

The 2015 Retirement Census was the most comprehensive survey ever undertaken of Australia’s retirement village sector.  The survey of 2300 retirement living villages representing ,000 homes around the country found:

  • Two thirds of all village residents are female, with the largest demographic being single females (51 per cent) followed by couples (36 per cent) and single males (13 per cent)
  • The average resident enters a village at 74 years of age, the average age of residents is 81 and the average length of stay is seven years
  • The average two-bedroom retirement village dwelling costs $385,000 (68 per cent of the cost of the median house price)
  • The average monthly service fee, covering the cost of common village facilities, services and staff, is $434 (just over 25 per cent of the monthly pension for full single pensioners)
  • Villages have a very high occupancy rate of 91 per cent on average across the country.

More information about the Retirement Census can be found at our Census mini-site: http://www.retirementliving.org.au/census