Retirement village resident duration: An empirical analysis

Towart, L

Retirement village resident duration: An empirical analysis

Towart, L

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Publication Type:: Journal Article
Citation:: Pacific Rim Property Research Journal, 2013, 19 (1), pp. 43 - 56
Issue Date:: 2013-01-01

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Field	Value	Language
dc.contributor.author	Towart, L https://orcid.org/0000-0002-2420-5911	en_US
dc.date.issued	2013-01-01	en_US
dc.identifier.citation	Pacific Rim Property Research Journal, 2013, 19 (1), pp. 43 - 56	en_US
dc.identifier.issn	1444-5921	en_US
dc.identifier.uri	http://hdl.handle.net/10453/23668
dc.description.abstract	In Australia, retirement villages are occupied under a number of tenures of which the common feature is the fee structure whereby a resident initially purchases their right to occupy and at the end of their tenure pays an amount based on variable factors to the owner/operator of the village. As the owner/operator receives their return at the end of residents' tenure, the return can only be estimated based on projections including the tenure of the resident and increase in sale price of units. This paper presents original research into valuation metrics including the length of resident tenure (duration) over a 27 year period.	en_US
dc.relation.ispartof	Pacific Rim Property Research Journal	en_US
dc.relation.isbasedon	10.1080/14445921.2013.11104373	en_US
dc.title	Retirement village resident duration: An empirical analysis	en_US
dc.type	Journal Article
utslib.citation.volume	1	en_US
utslib.citation.volume	19	en_US
utslib.for	1205 Urban and Regional Planning	en_US
utslib.for	12 Built Environment and Design	en_US
utslib.for	14 Economics	en_US
utslib.for	15 Commerce, Management, Tourism and Services	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building
pubs.organisational-group	/University of Technology Sydney/Faculty of Design, Architecture and Building/School of Built Environment
utslib.copyright.status	open_access
pubs.issue	1	en_US
pubs.publication-status	Published	en_US
pubs.volume	19	en_US

Abstract:

In Australia, retirement villages are occupied under a number of tenures of which the common feature is the fee structure whereby a resident initially purchases their right to occupy and at the end of their tenure pays an amount based on variable factors to the owner/operator of the village. As the owner/operator receives their return at the end of residents' tenure, the return can only be estimated based on projections including the tenure of the resident and increase in sale price of units. This paper presents original research into valuation metrics including the length of resident tenure (duration) over a 27 year period.

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http://hdl.handle.net/10453/23668