Macquarie still upbeat on retirement village sector, consents up in November

Thu, 19 Jan 2017

By Rebecca Howard Jan. 19 (BusinessDesk) - Building consents for retirement villages continued to rise in November as operators expand to meet the demands of New Zealand's ageing population and Macquarie Group is still upbeat on the sector despite a lower forecast for house price inflation. A total of 205 consents for retirement village units were issued in November versus 174 in October, data from Statistics New Zealand showed. Retirement village consents fell 8.1 percent on the year, but are 87 percent higher from the same period in 201...

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