Offers for readers

The comment stream

Recent comments

Join the Interest community to be a registered commenter so you can:
- Edit your comments
- Avoid the CAPTCHA
- Vote on comments
Register Here

Already registered? log back in here ..

Forgotten your password? No problem! Click here

Finance sector jobs

Senior Legal Counsel
At NAB, it's all about our people reaching their full potential. And that means we drive t...more
Australia
Senior Financial Planner (Business) - Bondi - NSW - NAB
Senior Financial Planning professional to join our Business Banking team in Bondi....more
Australia
Senior Manager, Operational Risk & Monitoring
At NAB, it's all about our people reaching their full potential. And in MLC and NAB Wealth...more
Australia
Corporate Recovery Senior – Australia, Audit experience welcomed
Successful applicants will have the opportunity to work with this leading Australian Advis...more
Australia
efinancialcareers.com

Reader poll

Who do you think should be appointed Reserve Bank Governor to replace Alan Bollard when he retires in September?

Choices

Housing report: Retirement village building props up apartment consents through 2009

Posted in News

Watch video on YouTube here.

Watch on our video page here.

Alex Tarrant presents a housing report in association with ASB. Today Statistics New Zealand released building consent figures showing the uptrend in residential dwelling consents continued in October from the lows earlier in the year.

The residential consents are dominated by general housing consents which are showing a clear trend upwards. However, apartment consents are still bumping along their lows and are being propped up by consents for retirement village apartments.

Back in June, Government Statistician Geoff Bascand said over a third of apartment consents in the first five months of 2009 were for 'assisted living apartments' associated with retirement villages. This shot to over 60% in June, and 90% in September before falling away to 75% in October.

We welcome your help to improve our coverage of this issue. Any examples or experiences to relate? Any links to other news, data or research to shed more light on this? Any insight or views on what might happen next or what should happen next? Any errors to correct?

We welcome your comments below. If you are not already registered, please register to comment in the box on the right or click on the "'Register" link at the bottom of the comments. Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making these comments.

15 Comments

Good to see the baby

Good to see the baby boomers doing their bit to keep the housing market and economy ticking along with consents for retirement village apartments

Would investing in retirement villages

Would investing in retirement villages be a good investment?

Yes , Rob . Listed

Yes , Rob . Listed company Ryman Healthcare , has performed well for shareholders . Pity that the Hanover investors hadn't thought of investing with people who know what they're doing , and who care about clients and shareholders alike . Go Ryman !

yep retirement villages are a

yep retirement villages are a growth industry for sure.
Just think of all those suburban houses that will be vacated in the next 10 years. That will help address the supply / demand balance and help prevent another major housing boom.
Good to see a significant increase in building consents for houses too - that will help address supply / demand too
No surprise that apartments have dropped away - there is no finance and too much planning risk

Retirement villages are a growth

Retirement villages are a growth industry for sure. Yeap, makes sense "“ put the BB generation into "Bubble camps", milk and really care for them - huge business. Another great investment opportunity.

I disagree on the retirement

I disagree on the retirement villages as a good investment. My guess is that within 20 years they'll become unpopular with the target market who are by the day becoming more ornery and less inclined to conform (so less likely to live by someone else's rule book) and less cashed up as their incomes from passive investments dwindle. Lots of writing coming out in the US and UK on ''growing old disgracefully". The baby boomers will reinvent retirement but it will take 10 or 20 years for it to really become apparent here.

I think within 10 to

I think within 10 to 20 years we (and most countries) will have legalised voluntary euthanasia and with that the demand for retirement villages will diminish.

Surely with housing consents showing

Surely with housing consents showing a clear trend upwards, housing supply would increase leading to lower home prices?

ruru : You may be

ruru : You may be correct . But a little lateral thinking , empty retirement villages could help with a housing shortage / accomodation for students / rooms for deranged bloggers . Warm and dry , better than some have now ................Wonder if they'll give me gummy bears..........Hmmmmmm , yummy gummy .

One absolute investment cracker is

One absolute investment cracker is selling migrants the guff on how to milk the benefit system. Get them as they get off the jet. Even better, sell the secrets overseas to potential migrants. This is what plenty of ex pollies are into...immigration services...best rort going.

Good article always can give

Good article always can give people, let a person have the feeling, let the trust if people awake, learn a lot of precious things, let people benefit life, your article is such!
ugg tall braid
ugg bailey button
UGG Classic Cardy Boot

I'm quite interested in China

I'm quite interested in China business and such. Thanks for your site! It is now in my bookmarks