By Darragh O’Keefe
The lack of a clear national policy could stymie the future growth of the retirement living sector in Australia, a new analysis concludes.
The analysis by researchers at the Queensland University of Technology and the University of Adelaide found the absence of nationally consistent policies and regulations will challenge the future development of the sector.
The study’s authors call for the Commonwealth Government to enact policies that actively support the growth of the retirement village sector.
“The Australian retirement village sector is not a national industry priority or receiving direct and clear policy support,” they found.
The researchers pointed to the barriers facing developers around state-based planning policies and regulations as an example where government could better support the sector.
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This story first appeared in Australian Ageing Agenda.