|  | The 'Retirement Living' industry is and will remain a vital component of Australia's economic, social and cultural future.
Through significant demographic change a much larger and more diverse industry is emerging.
Traditionally the industry has been attractive for smaller land developers and construction companies but as the industry emerges from its cottage heritage, public listed companies, the broad financial market players and private investors are becoming a significant component.
There have already been a considerable number of new entrants to the market with the expectation that there are more to come. At the same time consolidation continues as the main players jostle for market share.
Like all growing industries there are diverse opportunities and plenty of room to prosper for those who get it right.
BUT
The 'retirement living' industry is far more than a property play. It is a complex business that crosses the boundaries of property development, property management, hospitality, leisure & lifestyle and the management of personal wellbeing. It is a socially responsible service business.
Understanding this critical philosophy is one thing but delivering a profitable and sustainable business requires a high degree of skill and competency.
Expertise in the understanding and management of all components could well be the main barrier to new entrants to the market and will certainly be the difference between successful players and those who will fail, often to the detriment of the industry as a whole.
IMG has the expertise to successfully manage your retirement business.
The industry is changing because the client is changing: Gone are the days when one size fits all.
Whilst the sheer number of retirees will provide growth to the industry, they will be more demanding of choice, quality, services and added value. They will challenge the traditional legal and financial models and by force they will change the face of where and how they accept to live. Here in lies great windows of opportunity for the 'new' industry.
If you are a believer in the view that the baby boomers changed the face of music, fashion and lifestyle wait until you see the impact they will have on retirement.
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Melbourne retirement village management company specialising in acquistion, feasibility, design, planning, community development, marketing, sales & retirement village operations. | |
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