The oldest Baby Boomers are 71 years old. The average entry age to Retirement Living facilities is 72 years. Australia is about to be hit by a grey wave seeking new dwellings. Are you ready?

RETIREMENT LIVING & AGED CARE INSIGHTSSOUTH EAST QUEENSLAND

Prepared by Urbis; Source: Urbis Retirement Database 2016.

25,153total existing retirement units

11.6 RESIDENTSper retirement unit (SEQ average - 70-84 years)

23,699total existing aged care beds

2.4 RESIDENTSper aged care bed (SEQ average - 85+ years)

AVAILABLE ACCOMMODATION

RETIREMENT LIVING IS ON THE UP*

*Chart shows units in development application and approval. Prepared by Urbis; Source: Urbis Retirement database 2016.

2 3 4 5 6 7 8 10 17 181Storeys

2,862

1,475 1,0901,635

1,1381,032525 202

2,681

450 191

Units

in de

velo

pmen

t ap

plica

tion

& ap

prov

al

25%of retirement units in development application and approval are 10 storeys plus tall

SEQ GOVERNMENT AREASCURRENT RETIREMENT ACCOMMODATION LEVELS

Prepared by Urbis; Source: Queensland Government population projections, 2015 edition; Australian Bureau of Statistics, Population by age and sex, regions of Australia, 2014 (Cat no. 3235.0), the Urbis Retirement database 2016.

��Sunshine Coast

Redland

Logan

Moreton Bay

Gold Coast

Brisbane

Ipswich

SEQ Western LGAs

Residents per retirement unit (70-84 years)

27.7

14.2

12.1

12.0

7.6

7.0

6.2

5.5

Demand Moderate High

RETIREMENT

Prepared by Urbis; Source: Urbis Retirement database 2016.

6,604retirement units in approval (SEQ)

7,906retirement units in application (SEQ)

SEQ FUTURE RETIREMENT UNITS APPLICATIONS & APPROVALS

Prepared by Urbis; Source: Urbis Retirement database 2016.

The top ten suburbs for future retirement unit supply are spread geographically across South East Queensland, however the Brisbane LGA holds over 20% of future units in development application and over 29% of future units in development approval status.

The Ipswich LGA currently holds only 6.2% of total retirement units in approval status, a low number considering that at current stock levels there are 14.2 Ipswich residents (aged 70 to 84) per existing retirement unit. However, the Ipswich LGA holds over 30% of retirement units in development application status across South East Queensland, the bulk of these located in Aveo Springfield at Springfield Central.

SouthBurnett

Gympie

SunshineCoast

Somerset

Toowoomba

MoretonBay

LockyerValley

SouthernDowns

Scenic Rim

Ipswich

Brisbane

Logan

Redland

Gold Coast

Applications0 - 2526 - 8586 - 181182 - 516

517 - 2372

Approvals0 - 3233 - 8889 - 150151 - 265

266 - 470

Future units development applicationsTop 10 suburbs in SEQ

Num

ber o

f uni

ts

Suburb

2,372

516 356 309 275 272 252 235 225 213

0

500

1000

1500

2000

2500

Spring�eld

Central

MaroochydoreLittl

e

MountainCarin

dale

BenowaKalbar

Wurtulla

Coomera

Newmarket

Helensvale

Prepared by Urbis; Source: Urbis Retirement database 2016.

Future units development approvalsTop 10 suburbs in SEQ

Prepared by Urbis; Source: Urbis Retirement database 2016.

Num

ber o

f uni

ts

Suburb

0

100

200

300

400

500

SinnamonPark

Beenleigh

Nambour

High�elds

Caboolture

Corinda

Goodna

Southport

Blackstone

Holland Park

470 450 436

317 306265

232 222 205 203

The movement to ‘vertical’ retirement living, a relatively new concept within SEQ, is beginning to take shape, with a number of recent additions to the market. An increase in development activity of this nature is already being felt, feeding off the desires and location demand of tenants who want to maintain their current lifestyle and networks.

Current future supply* within SEQ indicates that 41% of supply exists within low-rise developments (0 to 3 storeys), 34% within mid-rise developments (4 to 8 storeys), and 25% within high-rise developments (9+ storeys).

In most cases, local government areas that are experiencing land constraints register a higher proportion of future supply that is mid-rise or high-rise in nature, with these developments in precincts driven by existing or future activity centres.

*Development applications and approvals

AGED CARE

4,283aged care beds in approval (SEQ)

4,651aged care beds in application (SEQ)

Prepared by Urbis; Source: Urbis Retirement database 2016.

The future of aged care is not just about heath and housing, it is about creating a sense of well-being and care for not only the residents but also their families and carers.

Through careful planning and design, we can create open and welcoming places with a village atmosphere, where residents of all ages, background and ability are supported to remain engaged and active within their local community.

Stephanie Wyeth, Urbis Director

SEQ FUTURE AGED CARE BEDS APPLICATIONS & APPROVALS

SouthBurnett

Gympie

SunshineCoast

Somerset

Toowoomba

MoretonBay

LockyerValley

SouthernDowns

Scenic Rim

Ipswich

Brisbane

Logan

Redland

Gold Coast

Prepared by Urbis; Source: Urbis Retirement database 2016.

Of the 4,283 aged care beds in development approval in SEQ, only 6.7% are located within the Gold Coast LGA, despite 18.6% of SEQ residents (85 years plus) residing in the Gold Coast. However, 14.3% of aged care beds in development application are located in the Gold Coast.

Urbis research indicates that 42% of South East Queensland residents aged 85 years and older are currently residing in aged care establishments. In 2011, 1.64% of the South East Queensland population consisted of residents 85 years and older. The ABS estimates this will grow to 3.35% by 2036. As the population of South East Queensland continues to age, the demand for quality aged care will continue to grow.

Applications0 - 2526 - 8586 - 181182 - 516

517 - 2372

Approvals0 - 3233 - 8889 - 150151 - 265

266 - 470

Future beds development applicationsTop 10 suburbs in SEQ

Num

ber o

f bed

s

Suburb Woollo

on

-gabbaCarin

dale

AshgroveTaigum

Upper

CoomeraCoomera

Noosaville

Stafford

Mango Hill

Marcoola

300260

214 210 205 200 180 164 160 157

050

100150200250300350

Prepared by Urbis; Source: Urbis Retirement database 2016.

Future beds development approvalsTop 10 suburbs in SEQ

Prepared by Urbis; Source: Urbis Retirement database 2016.

Num

ber o

f bed

s

Suburb Sinnamon

ParkBeenleigh

Kawana

Waters

Maroochydore

Carina Heights

CooroyNorth

Lakes

Seven Hills

Biggera

Waters Little

Mountain

340300 296

228173 152 146 142 136 125

050

100150200250300350400

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URBIS.COM.AU

BRISBANE CITY COUNCIL UPDATEBrisbane City Council has just released a package of planning incentives to support retirement and aged care developments.An explanation of the financial and built form incentives can be found at the link below.

Brisbane City Council’s retirement living and aged care planning incentives.

For further information on the incentives and to understand how your development can qualify, please contact the Urbis Brisbane Planning Team on 07 3007 3800.

HOW URBIS CAN HELP YOU NAVIGATE THE AGED CARE & RETIREMENT MARKETPlanning

▪ Site analysis and site assessment ▪ Pre-purchase due diligence ▪ Town planning approvals ▪ Development strategy advice

Property Economics & Research

▪ Market and demand analysis ▪ Strategic recommendations and review ▪ Comprehensive database on all current and future aged care

and retirement numbersSocial Planning

▪ Community and Stakeholder Consultation ▪ Opportunity Assessments

and Sector Analysis ▪ Market research and focus groups

GIS ▪ Site identification

Design ▪ Feasibility study and yield analysis ▪ Master planning and concept design ▪ Detailed design

URBIS CAPABILITYUrbis is unique in that we have an understanding of more than just the property industry; we understand the economics, the politics and the social values that impact on development within the Retirement Living Aged Care sector.

Ben Slack Regional Director

P +61 7 3007 3877E bslack@urbis.com.au

Kris Krpan Associate Director–Planning

P +61 7 3007 3817E kkrpan@urbis.com.au

Ben Weaver Associate Director–Planning

P +61 7 3007 3816E bweaver@urbis.com.au

Paul Riga Associate Director–Property Economics & Research

P +61 7 3007 3840E priga@urbis.com.au

Leila Collins Associate Director–Social Planning

P +61 7 3007 3843E lcollins@urbis.com.au

Nicholas Stevenson Associate Director–Design

P +61 7 3007 3853E nstevenson@urbis.com.au

URBIS CONTACTS

Malcolm Aikman Director–Property Economics & Research

P +61 7 3007 3806E maikman@urbis.com.au

Stephanie Wyeth Director–Social Planning

P +61 7 3007 3825E swyeth@urbis.com.au

James Tuma Director–Design

P +61 7 3007 3824E jtuma@urbis.com.au