Retirement housing is being overlooked by Australian property investors, an expert has claimed.
Property educator Jennie Brown explained to API magazine that more than two million Australians are now aged over 70.
She went on to say that, by 2050, seniors are likely to represent almost a third of the population, and they will all need housing.
"The ageing baby boomer segment of our population has seen not only a massive shift in thinking, it has brought with it a change in opportunities for real estate investors," said Ms Brown.
She told the magazine that people who can afford it should consider investing in a retirement village, as the maintenance of the properties within this is paid for by the residents.
When the residents pass on or move away, their houses or units becomes the property of the retirement village once again.
Last month, property analyst Michael Matusik told the magazine that three out of five investors borrow money in order to invest in houses or apartments in Australia.
Posted by Steve Douglas
