Retirement Villages are a special class of real estate where in the main the tenure of the residency is projected under a “Lease for Life” document as prescribed in the Retirement Villages Act 1992.
The valuation of a retirement village is really a business enterprise valuation being mindful of the intense management inputs into maintaining a retirement village at optimum occupancy and competitive within its pricing structures.
Retirement Village Valuers
Major Valuations is a speciality firm in the business of retirement village valuations for a number of purposes including:
- Financial Reporting
- Insurance Replacement Cost
- Individual Villa Valuation for Outgoing Residents