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What is the impact of land tenure on the sustainability of retirement village communities in Australia?

Blake, Andrea & Cradduck, Lucy M. (2010) What is the impact of land tenure on the sustainability of retirement village communities in Australia? In Wang, Yaowu, Yang, Jay, Shen, Geoffrey, & Wong, Johnny (Eds.) Proceedings of 2010 International Conference on Construction & Real Estate Management, China Architecture & Building Press and indexed by ISTP and ISSHP, Royal on the Park Hotel, Brisbane, 424 -429 .

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Abstract

In 2005, 17.3% of Australians were aged 60 years and older according to the Australian Bureau of statistics (ABS). According to aBS this situation mirrors the poulation profile of other developed countries such as Canada, New Zealand, the United States of America and to some extent the United Kingdom (ABS). Self contained independent living units in retirement Villages are now contributing to the dwellings available for those aged 55 years and over in Australia and the retirement village sector has become a significant sector within the residential property market. However, the method of operaton of many retirement villages, and the lack of freehold tenure, impacts on the desireability of retirement village life to potential residents. This paper focuses on sustainability from the perspective of the ongoing viability of retirement village operations in light of the impact of land tenure and operational issues on the perceptions of potential residents.

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ID Code: 39456
Item Type: Conference Paper
Keywords: Retirement Village, Land Tenure, Freehold, Leasehold, License
ISBN: 9787112126125
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > COMMERCIAL SERVICES (150400) > Real Estate and Valuation Services (150403)
Divisions: Past > QUT Faculties & Divisions > Faculty of Built Environment and Engineering
Past > Schools > School of Urban Development
Copyright Owner: Copyright 2010 The Authors
Deposited On: 03 Feb 2011 10:29
Last Modified: 01 Mar 2012 00:27

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