Having had a close look at all this over the last few weeks I'm increasingly seeing less if any linkage between the residential housing market and the aged care retirement service market.
I think a lot of people get hung up on the word 'retirement' and consider the prospect of a nice house in Tauranga or a retirement crib (batch for you Northerners), it's not like that.
The aged care retirement market provides a service, and for those in the eligible 75 year old and over target market who have just sold their house will obviously want to prioritise security, care and obtain some relief in knowing they will be looked after.
If the residential housing market dips and they get 10% less for that house, sorry Snapiti you won't get to buy a porsche with the inherited balance you'll probably just get a nice holden.