"Industry experts say the boom in retirement village development is meeting market demand as an increasingly ageing population seeks retirement - and fast. A recent PricewaterhouseCoopers Consulting report commissioned by the Retirement Villages Association New Zealand investigated the contribution new villages make to the local economy. The report found there were 12 villages from Tauranga to Whakatāne with about 870 units either at the design, consenting or construction stage. Six more villages with 540 villas or apartments were on the drawing board. The research suggested that of units could create 1700 full-time construction jobs and 800 full-time jobs as managers, chefs, caregivers, activity co-ordinators, cleaners, maintenance staff, gardeners and clinicians. It could also generate $117m for the region's economy.
Tauranga Chamber of Commerce chief executive Matt Cowley said retirement villages meeting market demand. "Tauranga is expected to grow by 20,000 residents over the next decade. A quarter of this growth will be made up of people aged 65 years and older." Cowley said retirement villages also came with a range of economic benefits. "The strong aged-care sector in the Western Bay of Plenty attracts high-quality medical facilities and services that other residents can also access. "Villages also support our local tourism businesses with out-of-town relatives visiting throughout the year."
regional manager for the Bay of Plenty and Waikato, Shirley West, said had been ringing off the hook at the healthcare recruitment agency. "Demand has grown so much more than it was this time last year and that is because of the new facilities popping up," she said.
"It is good for the region to have of the art facilities but they do need the staff to fill them. There is a nationwide shortage, we are crying out for registered nurses."
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