Both the retirement and aged care sector offer great investment opportunities for entrepreneurs and investor alike, providing the opportunity to make great returns whilst also supporting those older people in the community who now require accommodation and care services. But why should you consider investing in the retirement sector?
The market is growing
The global population is both growing and ageing, fueling a need for more retirement homes, retirement villages and care facilities to provide accommodation for the growing elderly community. This, coupled with a decline in other alternative housing arrangments and a demand for better services, has ensured consistent growth in the retirement sector over the past 20 years, a growth which is projected to continue well into the future. People will never stop ageing and therefore will always require retirement and aged care services.
People’s expectations of retirement are changing
As well as being a growing market, the expectations of those needing retirement accommodation and their families are changing and this puts a demand on retirement services to deliver a better quality of living and a higher standard of services. The people who are approaching the age at which they are starting to think about retirement living are the Baby Boomer generation, who particularly like the retirement village concept, allowing them to benefit from the additional faciltities needed as they age whilst maintaining their independence and a higher standard of living. Whereas once retirement homes were associated with low standards, budget facilities and inactivity, now people expect pleasurable surroundings, good quality service, a more active lifestyle and fit for purpose furniture such as that provided by Crown Furniture, which is designed especially for aged care and retirement living.
What opportunities are there to invest?
Whether you are a start-up technology company or an experienced property investor, there are countless areas to invest in within the retirement sector. From building the new age of retirement villages to funding the technology needed to aid the elderly population with their daily lives, helping them to stay independent for longer. The growing and ageing population are also putting a greater strain than ever on our health services and so there are also many opportunities to invest in the cutting edge medical advancements and technologies that can help the elderly community remain healthier for longer and at home and independent. Whatever your speciality there’s an area to invest in.
It’s more than just about the money
Although it is, of course, important that any investment made does return some sort of profit, investing in the retirement sector should be about more than just the potential return. The retirement sector is very caring industry providing valuable and very much needed accommodation for those people in society who have given all of their lives and now need something back. By investing in this sector you can give something back to them. Everyone ages one day and we should be working to build a retirement sector that we are proud to be a part of one day.
