Australia’s vital retirement living sector will take a greater leadership role in the national debate following the formalisation of a merger between the Retirement Village Association (RVA) and Property Council of Australia.
RVA members voted overwhelmingly to merge with the Property Council and establish the Retirement Living Council as a new powerful voice for retirement communities in Australia.
RVA CEO Andrew Giles said the decision represented an exciting new phase for the industry.
“The decision is a vote for a stronger future and is a tremendous step forward for the industry,” Mr Giles said.
“This merger will result in a quantum shift in the industry’s voice in national political debate and has been strongly endorsed by members.”
Property Council chief operating officer Ken Morrison, said the decision enables the industry to reposition itself and its vital role in Australian society.
“The industry needs to be recognised as a critical housing and care solution for older Australians whose importance will grow dramatically,” Mr Morrison said.
“We need the right policy frameworks in place to encourage investment in this sector to meet the demand of an ageing society.”
“This merger gives the industry the political muscle it has been looking for and more benefits for the whole sector, including residents of villages.”