A not-for-profit perspective on retirement living

Paul Bradley National Director, Aged Care & Retirement Calvary

Catholic Health Australia The Countdown to Aged Care Reform Forum 17 & 18 July 2013 Mary Mackillop Place, North Sydney

Little Company of Mary Health Care Limited

Decision making in a missional context

Six one line case studies in nfp sector

Tales of action • Expansion without expertise – financial loss and

retreat • High end developments resulting in unintentional

branding shift and loss of stakeholder support • Idealistic goals thwarted by commercial reality • Gifting money to the middle classes Tales of inaction • Late out of the starting blocks – missed opportunity • Older stock slowly sinking the organisation

Mission and margin

So who is interested?

Would you consider moving into a retirement village in the next ten years? 10% Yes 90% No

What about if there was a major change in your life circumstances? 90% Yes 10% No

Accentuate the positive

Dementia Prevention Clinic C

Negative rational

Memory Enhancement Centre C

Positive rational

Bright Minds C

Positive emotive

To market, to market, to market

New vs old

New is great but sometimes just not affordable • Land costs • Accessible units add 10% in area • Community infrastructure Old is not necessarily no good • Look at adaptive reuse • Take action where needed

Carefully Consider Continuums of Care

4-7% High Care (Nursing Home)

Low Care (Hostel)

Self-Care (Retirement Village)

Community Care

General Community

3%

We can’t have everything

‘Fast, Cheap, Good – Pick Any Two’ J.Noel Chiappa Not saying it is impossible but……? • Commercial return • 20% pensioner access • 6 star green rating • 100% units, fully wheelchair accessible • Community centre and kitchen for annual

Christmas dinner

So what to do…

• Continuing Care Communities • Stand alone retirement villages • Boutique villas • Serviced apartments • Resort style luxury • Affordable housing • NRAS housing • Urban apartment living • Demountable home estates • Ageing in place

Retirement living –

the growth engine for aged care