Presentation on theme: "Over-50s Housing Trends is part of a continuous education course developed by a team of specialist editors, researchers and property experts around the."— Presentation transcript:
Over-50s Housing Trends is part of a continuous education course developed by a team of specialist editors, researchers and property experts around the world for developers, financiers, planners and industry managers. It paves a clear concise path through the thickets of information overload. All the trends canvassed have started to emerge somewhere in the world. The over-50s housing market is splintering into a hundred slivers. The certainties of the past 30 years have been shattered by generational change, and seismic shifts to the social, cultural, political and economic order. This continuous study is updated every month. It reflects change as it occurs.
6. Building social / affordable housing within existing retirement villages Growing densities and the housing mix within existing communities. Trend driven by cost constraints. Need to develop broader based communities. Need to get better utilisation of existing community assets. Need to drive management fee base. Example The New Zealand Government is providing $1.6 million in funds to Selwyn Foundation House to build affordable housing on land under the aegis of Selwyn which is a not-for-profit retirement housing provider in Auckland. Government money is being advanced to allow the building of 'social / affordable' housing within existing retirement villages... A South Australian operator is developing housing clusters in key suburbs and has now established an effective retirement village (without aggregating on the same site)...
7. Purpose built Spa Village A senior living enclave with all amenities but linked to the broader community. The Spa Village is a mix of retail, assisted living, medical and wellness precincts, apartment buildings and one-storey as well as duplex houses, built around a village green. There is a cultural arts centre, boutique inn, spa and 50 per cent of the site is dedicated to woodlands. National Lutheran Communities and Services at Crystal Spring / Forest Drive and Spa Road, Annapolis. The Crystal Spring development, on the Mas-Que and Crystal Spring farms, will be a mix of retail, assisted living, medical and wellness offices, as well as apartment buildings and one-storey and duplex homes.. "It will be all on one campus. It's one of the first in the United States, and possibly one of the first to be built from the ground up," Davis said. "The old model is the isolated retirement community."
8. Specialty care homes Care / nursing / rest homes have traditionally targeted the aged/infirm demographic. As this audience migrates to home care, and strikes resistance from ageing boomers, prosperity will come from developing new markets. New business opportunities set to emerge include: Dental Practices Audiology Cosmetic / Rectification Work Eating disorders Addictions / Phobias Specialist Care Services for Children Autism / Asperger Syndrome Learning Disabilities Cancer Treatments Wellbeing / Wellness Mental Health Health Parks Plans to create one of the UK's first centres for the long-term care of Armed Forces veterans have been unveiled. More than 300 injured and disabled former servicemen and women will be cared for at the £27m Veterans' Retreat Village, near Ebchester, County Durham. The 55-acre facility, on the former Marley manufacturing site, will include more than 200 disability bungalows, a 96-bed nursing and care facility, a leisure centre with swimming pool, woodland walks, lakes and a donkey sanctuary. The project is led by former military policeman Bill Liddle, 64 Veterans' Retreat, the charity behind the proposals, has launched its Building Our Heroes a Home campaign and hopes to complete the project in the next five years.
The group plans to exploit a new tax arrangement that allows property owners to upgrade their buildings at no upfront cost, typically cutting their energy use and their utility bills by a third. The building owners would pay for the upgrades over five to 20 years through surcharges on their property-tax bills, but that would be less than the savings. The consortium is led by a company called Ygrene Energy Fund of Santa Rosa, California. A business consortium that includes Lockheed Martin and Barclays bank plans to invest as much as $650 million over the next few years to slash the energy consumption of buildings in the Miami and Sacramento areas. It is the most ambitious effort yet to jump-start a national market for energy upgrades that many people believe could eventually be worth billions. Two trends are driving green living. Green tax breaks for builders/developers help drive baby boomers 'green' inclinations. The latter feeds off the former. 9. Tax breaks drive green living
10. Delivering luxury to social housing The provision of housing for the elderly and low paid workers via the acquisition of apartments within residential developments (condition of consent) by Government grant / managed by social housing entity / asset ends up on Housing Association balance sheet after 15 years / rent $130 pw (or 25 per cent of income plus rent assistance). Developer gets 'full freight' for sale of apartments. Melbourne's most exclusive social housing complex is giving residents million-dollar rooftop views, yoga classes and even a choir group. The $46 million building is proving so successful it's hoped another five will be built. Elizabeth Street Common Ground, which opened in August, features 161 apartments over 11 floors and a 24-hour concierge Residents also enjoy a library, Foxtel and education and support services. Yarra Community Housing, the Victorian Property Fund, the state and federal governments and builder Grocon, which contributed $8 million in construction savings, are project partners. Stephen Nash (CEO) Home Ground Services Melbourne, Australia.
11. Recrafting the Hippy Commune The desire for a simpler life in a rural working community. The remembrance of things past. There are plans to set up Tasmania's first dedicated eco-village on the Tasman Peninsula in the south-east. The Tasman Council has approved plans for a nine hectare self-sufficient community village at Nubeena. Developer Ilan Arnon says the idea was inspired by his teenage years, spent in a kibbutz in Israel. He says the village will grow its own organic produce and the buildings will be energy efficient drawing on renewable power. Mr Arnon says the development has been his dream. "I was born in Israel and I spent some time in a Kibbutz which is a community village, community lifestyle,” he said. "It really appealed to me, I love the community lifestyle, the diversity, multiculturalism." Plans for the village include 65 vacant residential lots, a village common, dams, fruit orchards, vegetable patches and olive groves.
11. Couples in singular relationships Two thirds of over-45s live alone and do not intend to move in with their partners, despite being in long-term relationships. The researchers used data from the fifth wave of the Household, Income and Labour Dynamics in Australia survey, which for the first time asked respondents who were not married and not living with a partner whether they were in a permanent relationship. Research shows these kinds of arrangements are increasing. Marriage dissolution rates are increasing. People are living longer so they are more likely to form these relationships. More risk-adverse because they've probably gone through a marriage breakdown. There's the practicalities of joining two households and adjusting to another person's habits. Despite not sharing the same residence, the frequency of contact between partners was high, with about 75 per cent meeting at least three times a week, and many on a daily basis. Study by Australian Institute of Family Studies shows 24 per cent of officially single population are actually in a relationship, although Australian Bureau of Statistics records show them as single.
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