Of course Bottom feeder, over building would be a disaster for everyone. But ALL these operators look ahead many years before committing to these massive projects. Its not the same volatile market as domestic, where mum and dad get all enthused and slap a house on their front lawn.
NZ needs 1700 EXTRA units each year to meet the grey tsunami.
OCA`s 2 points of difference over their peers in what is already a competitive market;
Firstly, their land is in more exclusive areas already where the rich listers already live. As apposed to buying a paddock on the outskirts somewhere.
Secondly, the number one factor for residents in selecting a village is its late care offerings and that, I think we can all agree, is where OCA shines.
All operators are reporting very strong demand and all of them have low empty stock . At this point the very opposite of over supply is happening.
Considered and careful expansion is what the game is all about for now. 2040 it all goes tits up, maybe they just sell `em off as apartments. Certainly not something to include in our 2022 list of worries.