Tim Russell, managing director of Retire Australia raised concerns regarding the performance of the retirement industry. The poor performance was mainly attributed to a lack of transparency even if there is capital for investments.
Calls for a sector specific operator are considered key for the retirement industry to operate, where there would be transparency in operations and pricing. There are also current challenges with providing care packages to apart from existing accommodation and maintenance needs for retirees.
Read more about this on the Property Observer website.