SENIORS HOUSING SHORTAGE
Independent research by Brand Partners, a specialist seniors’ living advisory agency, estimates the Northern Beaches is critically undersupplied for retirement living, with demand outstripping supply by an estimated 1,000 dwellings.
Brand Partners advisor, Andrew Giles, said: “People aged 65 and over are predicted to be the fastest growing population in NSW, with the number of people in this age range expected to double by 2050”.
“Some 16% of the Northern Beaches population is aged over 65 and over, representing 43,480 residents. Analysis by Brand Partners has identified 1,000 new retirement dwellings are needed immediately. Over the next 20 years this will grow to be almost 2,000, even if Waterbrook Bayview is constructed,” said Mr Giles.