Key retirement option for Baby Boomers of inner city

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Key retirement option for Baby Boomers of inner city

Springfield will be a key migration ground for Brisbane’s inner-city Baby Boomers in the next 10 years, according to a recent Queensland Generational Study.

According to the report, Baby Boomers will leave the Brisbane City Council region seeking appropriate retirement options in Springfield, the Gold and Sunshine coasts, Ripley and Bethania/Waterford.

Resolution Research director Diana Howes authored the report and said the move would be spurred by a supposed looming oversupply of apartments and the lack of retiree accommodation in established inner-city suburbs.

Springfield Land Corporation’s chief executive of Health and Education Enterprise, Terry Kearney, said Springfield was ready.

Work started this year on Aveo Springfield‘s $1 billion senior living development.

“The plan for the seniors living precinct has been there from the first design. The community has now grown to a size where a young population is looking for the opportunity to offer parents and grandparents the right to live within an intergenerational community, be close to them and their grandchildren.” Mr Kearney said. The 20-year Aveo project will include retail, care and recreational spaces. Of the 2500 proposed senior living dwellings, 66 apartments are planned for completion in mid-2017.¬†

This article appeared in Brisbane’s South West News on 17 August and was written by Emma Schafer.

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