Australia will face a seniors’ housing crisis without “urgent change” to state and local planning systems to enable the development of more retirement villages, according to new research commissioned by the Property Council of Australia.

The report warns of a looming shortfall in retirement housing in the face of an over 65s population that is expected to double in the next ten years. The report’s authors warn that a shortage of retirement living places will mean taxpayers have to foot the bill for much higher…