The Australian population is beginning to age, with people expected to live longer and longer. In fact, a recent release from the Australian Bureau of Statistics highlighted the anticipated age for men across the nation, with life expectancy for this group extending past 80 years old – and women have already been at this point for the last quarter century. So this begins to beg the question: What happens when an ageing population begins to retire?
With many people interested in living it up following their retirement, the potential for investment in Surfers Paradise property specifically earmarked for an ageing population could be a great market to consider moving into. Of course, there are a number of things to take to heart when it comes to this type of real estate, which could be worth looking into before committing to any one piece of property.
Here are some things to think about when buying investment property for the retiree market.
After retirement comes a period of leisure and reaping the rewards from a lifetime of working. Therefore, if you're hoping to create an investment portfolio based on retirees, it's important to take these factors into consideration. Your tenants and buyers are likely to have a lot of free time and will want to be able to easily access things to do for entertainment.
Therefore, it could be worth looking into multi-unit properties in metropolitan areas, especially if they're located near regions rich with restaurants and cafes, shopping centres and other areas – like art galleries, museums and outdoor spaces.
This offers retirees a number of things to sink their teeth into and really make the most of their retirement. Making this as easy as possible is a great way to get the best results for your investment portfolio.
On the other hand, people love to travel with their free time. Therefore, it could be worth looking into the proximity of local public transport options in the Surfers Paradise area and take these into consideration when looking into local real estate.
Giving people the opportunity to travel without having to worry about driving or parking is a huge relief of stress, not to mention that public transportation is pretty comprehensive across the nation – allowing people to get to and from their intended destinations with relative ease.
Living it up as a retiree means making a wonderful space in your home. Luxury Surfers Paradise properties could be the most suitable type of real estate to look into, especially if you're hoping to corner the market.
There are plenty of apartments available in the Gold Coast that offer wonderful views and state-of-the-art appliances for residents, which could be worth investigating. Furthermore, there are a number of developments currently underway throughout the region with new opportunities being generated every day.
Some apartment facilities also offer things like swimming pools, saunas and gyms, which could be nice additions to their day-to-day lives – helping to foster activity and relaxation in the comfort of their own home.
These are just some of the things to consider when investing in property for retirees. This growing market could offer some lucrative opportunities in the coming years and getting into the market now could be a great way to take advantage of the landscape.
Get in touch with a local real estate agent to begin discussing the apartment options for you to look into and start working towards developing your investment portfolio today.