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News

NZ risking massive shortfall of retirement accomodation

2024-09-02

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A survey by real estate company JLL shows Kiwis will need another 8,400 retirement village units by 2033, if we're going to keep up with demand. It comes at a time when retirement villages in New Zealand are raising their prices, with Ryman today announcing it will pause new developments, head of Aged Concern Tracey Martin spoke to Susana Lei'ataua.