Online retirement survey results.

Thanks to those who’ve taken the time to complete the Seniors Housing Online retirement survey which shows what sort of retirement property people are looking for. 

The latest results from over 1,000 respondents highlight that people are overwhelmingly searching for independent living villas or apartments in a village setting with two bedrooms or more.  A majority of 66% wanted access to a club house or recreation centre, 60% wanted a swimming pool, over 85% wanted either a garage or a parking space and proximity to public transport, and 60.8% wanted pet-friendly accommodation.

More than 70% said they preferred a location close to family and friends, but 45.1% said that they were not committed to staying in the same area. 59% said they needed to sell their current home before moving.

While 77% of respondents were already retired and 23% were not, a significant 39% of respondents said their retirement plans had been affected by the world financial crisis – in ways such as needing to work for longer, being unable to sell their home, adjusting their income expectations and budget, or returning to work having previously retired.  Some were actually retiring sooner than expected after losing their job.

No doubt there will be further fall-out for retirees in coming months as share market volatility impacts on super funds, Governments impose spending cuts, and economic uncertainty continues around the world. We will continue to monitor the situation and the survey provides a useful (anonymous) snapshot illustrating how people are being directly affected.

You can participate in the survey on the News and Information page.