You're listening to a shares these podcast We're all getting older, all of us apparently. Are we still on track? What to sort of hit? I think something like a million people over seventy five by when twenty thirty forty years.
Yeah. Look, essentially by twenty forty the population goes from four hundred thousand Ye Zealanders over seventy five to eight hundred thousand YEW Zealanders over seventy five. It's a massive
change in the demographic. And I think even by twenty thirty the number of eighty five year old goes up by one hundred and twenty five thousand, and so, like it's pretty quack like it's pretty close by now if you think in the next five years, one hundred and twenty five thousand extra people, you know, like we need something like thirteen thousand extra here beds in this country
just to cope with that demand. In the next five years, I think you're going to find that this is not enough for timement village operators in New Zealand and five ten years time, wow, and certainly there's going to be not enough here beds in New Zealand, which is actually pretty sad and Kreb.
It's offer a different level obviously, it's more like kind of more like being in hospital.
Yeah, I mean, essentially, the way our villages work is you've got a retirement village. You live your life independently. Essentially, you have access to gym, swimming pool, spa, you know, everything you want to do, you live your life. But then if you know, if you'd need to help at a point in time in life, we've got a separate, sort of little medical hospital there. And as I said, they're quite homely and sort of small in the way
that designs that they're quite private. But if you need resk home or hospital level support, you know, you can essentially be in that hospital environment, but still like maybe twenty minutes away from your house where your partner maybe still living and stuff, and that integration with your friends in the village that you've built up, you know, a
friendship with over the last eight or ten years. You know, they still come across and see you can still go home for lunch at times, and so you know, we're trying to design facilities so that, you know, people can essentially live their life until they eventually pass away in our villages. And yeah, that's sort of how aged care is integrated with in retirement village living.
So your second biggest home builder.
Second largest home building in New Zealands.
Yeah, that's that's that's it's quite a bold plane. You've never thought about how we could get into the wider market there.
At times we have, like so we have actually done a few. At times, you buy land and maybe twelve hectares. Ideally you want about a hecta to build a broad out of site, so you sit there and go what do we do with the other four hectares? And so we bought a site in pepper Moa that had some spear lands, so we ended up doing a subdivision development there as well. And that has no no connection to Somerset per sale, like people wouldn't know it was us.
Essentially we did all the master planning for the site, did all plots of land, did all the running infrastructure, all the sort of civil's works, and then essentially sold the home builders. But it is your right to say it's it's not that far away from being a natural
extension for us. And to be honest, you know, like if you talk about that demographic stuff we're talking about before having you know, population doubling even just for that older part of New Zealand that's probably to be honest enough growth there for us, even just in that segment. Investing involves for risk you might lose the money you start with. We recommend talking to a licensed financial advisor.
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