New projects will ensure that Canberra is an attractive spot for the 20 per cent of the population set to retire in the next two decades.
The government has recently announced spending of $1.39 million to upgrade bus stops to improve access for the elderly, while a private $65 million residential development for seniors is in the pipeline.
These factors should be considered by investors looking for future growth, according to Housing Industry Association chief economist Harley Dale.
“If part of your homework doesn’t incorporate consideration of the potential implications of an ageing population for the area you might be considering investing in, then your homework is not complete,” Mr Dale said.
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