Tough conditions set to continue for retirement villages

Upmarket retirement villages like The Foundation will do better than those further down the scale, Generus Living CEO Graham Wilkinson says. (Image: Supplied)

Maria Slade

Wed, 05 Mar 2025

Conditions were as “tough as they’ve ever been” in the retirement village sector, Generus Living chief executive Graham Wilkinson says.Wilkinson, also president of the Retirement Villages Association (RVA), said falling house prices and higher building costs made it difficult to build mid-market retirement village units cost-effectively.“We are a resident-funded business, whereby that guy coming in is replacing the person going out.”‘A process’While Generus had high-end products, such as The Foundation...

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