Here is a suggestion, why dont Newguy and Roger write a weekly newsletter for residents. Im sure their negative and depressing tomes would soon have residents losing the will to live, taking years off the average tenure
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Here is a suggestion, why dont Newguy and Roger write a weekly newsletter for residents. Im sure their negative and depressing tomes would soon have residents losing the will to live, taking years off the average tenure
There is no guarantee that dementia will happen, so unless it is starting to show before deciding to purchase I believe people will just deal with it when and if it happens. Both my parents always said they wanted care(not necessarily dementia) facilities when they moved into a village, but one died before moving and the other lasted until 88 yrs and didn't need it. I have heard the figure that only about 15% of old people will need such care. Personally I would decide what village I wanted on the best place to live while fit and able. You can always find somewhere to go if and when the need arises. Both my inlaw's needed dementia care and that was found without too much difficulty. And they where good facilities luckily.
Not sure whether I have answered your question. Early dementia probably.
I agree that by far the majority wont make use of and might not even take it seriously into account when choosing a place to stay for retirement.
However there are also very independent and pride elderly who stay in the community for as long as possible. The day arrive that family realises something needs to be done because one of the couple is showing signs of dementia and this will be taken into consideration. The average age of those cases is likely higher than the average age of entry into retirement villages.
Average over the last 4 quarters has been 43 9including the 31 number). The 31 stuffed the trend because the prior 4 quarters averaged 47.75.
Since achieving 50 and 51 in the last 2 quarters of last year the numbers have been rather weak, averaging only 39 per quarter this year
Seems something has happened in 2014 after looking so promising in 2013
Yep bang on HS.
Here's the total number of units for the last 7 years (2007 - 2013)
921, 983, 1109, 1272, 1364, 1486, 1855
So over this period:
921 have been available for 7 years
62 have been available for 6 years
126 have been available for 5 years
163 have been available for 4 years
92 have been available for 3 years
122 have been available for 2 years
369 have been available for 1 year
So the expected number of deaths this year should be
(7/7)x921/7 + (6/7)x62/7 + (5/7)x126/7 + (4/7)x163/7 + (3/7)x92/7 + (2/7)x122/7 + (1/7)x369/7 = 183
So in a quarter we should expect 183/4 = 46
We should knock a few off for the renovation and marketing required between occupants - I'm going to say a month for renovations and a month for marketing the resale. So let's multiply this very roughly by 10/12
This gives a figure of 38 re-sales in a quarter based on their current stock.
The figure they have is 31 so yes a bit down (18%) on what one would expect. However, the next quarter could easily be higher.
If I had the time I would compare the quarterly results going back to the weigthed average above. That would tell you if there has been a step change.
NG, that's how population statistics work. They have low stock because not so many people have died. In 2013 more people died (bad flu year, who knows), meaning lots of stock, leading to high re-sales. But now there are a lot of relatively young tenants holding things up as it were. If the re-sales were continually going up without an ebb and flow (barring increased units) then there would possibly be something criminal going on.
Goldie, I not thinking very straight so forgive me if a stupid question
When you say 'We should knock a few off for the renovation and marketing required between occupants - I'm going to say a month for renovations and a month for marketing the resale. So let's multiply this very roughly by 10/12' wouldn't those 2/12ths you knocked just roll into the next year .....so no need to discount?
'
The logic is we have a death rate per year based on current stock. However the death rate is not converted 1 to 1 into re-sales rate for a given year (due to the times spent renovating and marketing).
The following year we recalculate the 7 year weighted average based on stock numbers, find the expected death rate, and then again apply the 10/12 conversion rate.
We are only applying this 10/12 to the expected deaths in a year. Next year - different deaths.