Widely perceived as industry agitators, baby boomers have the financial means and impetus to “disrupt” the real estate sector.

The boomers are shunning rationed care in favour of creating the retirement lifestyle of their dreams.

Research indicates that baby boomers present a massive demographic shift — with this next generation being the wealthiest and most demanding of their predecessors.

They will not be grateful to receive the standard ration-based service that many aged-care developments are offering.

With a median net worth of $206,700, the typical boomer of today is slightly wealthier than their counterparts 20 years ago, who had a median net worth of $205,200 in inflation-adjusted dollars.

How should retirement developers prepare?

Developers of retirement living and aged-care facilities need to accommodate three very different groups of users: the acceptors (current users); the disruptors (the baby boomers); and the expectors who would follow.

The expectations of baby boomers will assert their influence. The disruptors are flipping aged care in favour of home-based care services.

The market should capitalise on these needs and desires. Creating autonomous retirement lifestyles is the key. Inbuilt but inconspicuous aged-care amenity is a recommended lifecycle approach.

The leading retirement villages offer an air of exclusivity and independence that belies their inherent healthcare services. They are also well-located and accessible to vetted visitors.

One-move guarantee hits the right note

The “one-move-guarantee” is also creating a boom among boomers in the retiree space.

With many in their mid-to-late 70s set to downsize, a one-move proposition is an irresistible drawcard for the retirement sector.

As such, customisable properties are hitting the mark with the baby boomer generation.

Experts agree that baby boomers crave choice — they want to be able to choose everything in their house, according to taste, lifestyle and often without budgetary constraints.

Peer pressure and bragging rights of the boomers play to the market’s favour. That’s because they want to customise everything — from zip taps with sparkling water to fixtures and fittings.

Savvy developers are evolving to fulfil the customisable needs of the pick-and-choose baby boomer market. 

For further information, contact retirement villages and developers in your region — and discuss future moves with your financial planner.

Thanks for reading.  Wishing you a successful day.

Want to know what your home is worth today? Click the link and tell us who you are, thanks.

What’s happening in the market in real time? Ask Matt to explain the real time data available in our monthly publication of the Ray White NOW book.
Interested in auction results – our Competition Creators booklet outlines the auction process and the results of our weekly auctions. Chat, txt or DM  Matt today 0274 951 536 for copies of either publication.

  • If you have a question on the local Real Estate market
  • Should you spend money on a Reno of your home before you sell
  • How to contact a Mortgage Broker

Just call Matt Wineera on 0274 951 536 who is always on hand to answer your query. His advice is given freely and without obligation.

Work with Matt Wineera who lists and sells homes in the Tauranga, Mount Maunganui and Papamoa areas.

Check out what clients have to say about Matt

Matt continually achieves great results for Home Owners through his negotiation skills and vast real estate experience, knowledge and expertise.

Matt is very passionate about real estate and loves being at the coal face.

Please follow Matt’s Instagram profile  and like Matt’s Facebook page. Check out Matt’s profile on LinkedIn

Give Matt a call now 0274 951 536