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The valuation of self-funded retirement villages in Australia

Elliott, Peter, Earl, George and Reed, Richard 2002, The valuation of self-funded retirement villages in Australia, in PRRES 2002 : Proceedings of the 8th Annual Pacific Rim Real Estate Society Conference, Pacific Rim Real Estate Society, [Christchurch, N.Z.].

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Title The valuation of self-funded retirement villages in Australia
Author(s) Elliott, Peter
Earl, George
Reed, Richard
Conference name Pacific Rim Real Estate Society Conference (8th : 2002 : Christchurch, N.Z.)
Conference location Christchurch, N.Z.
Conference dates 21-23 Jan. 2002
Title of proceedings PRRES 2002 : Proceedings of the 8th Annual Pacific Rim Real Estate Society Conference
Editor(s) [Unknown]
Publication date 2002
Conference series Pacific Rim Real Estate Society Conference
Publisher Pacific Rim Real Estate Society
Place of publication [Christchurch, N.Z.]
Summary Changing demographics will see an increasing demand for self-funded sector retirement villages in Australia. As such, valuers can expect to be more involved in providing valuation advice in this sector, although the central issue remains that retirement villages are complex businesses. They have been described as management intensive operating businesses with a substantial real estate element. As a result the valuation process in this sector requires a different type of analysis, in comparison to the traditional real estate based investment.
This paper provides an analysis of recent trends in the demand for retirement villages and examine current practise with respect to valuation thereof. It emphasises the need for a greater awareness of the ‘business enterprise value’ component and provides a framework within which the components of value can be better understood. The purpose of the paper is to provide a foundation for a greater reliability with respect to valuation advice.
Language eng
Field of Research 150403 Real Estate and Valuation Services
Socio Economic Objective 900203 Property Services (incl. Security)
HERDC Research category E1.1 Full written paper - refereed
Copyright notice ©2002, Pacific Rim Real Estate Society
Persistent URL http://hdl.handle.net/10536/DRO/DU:30022202

Document type: Conference Paper
Collections: School of Management and Marketing
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Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au.