Base Year
Historical Year
Forecast Year
Value in AUD Billion
2024-2032
Australia Senior Living Market Outlook
*this image is indicative*
Senior living communities provide access to various levels of care, including assisted living, memory care, and skilled nursing, ensuring that residents receive personalised support with activities of daily living (ADLs), medication management, and healthcare needs. Nursing care facilities in senior living communities offer round-the-clock medical care, encompassing support with medication management, wound care, and management of chronic diseases. These facilities specialise in addressing the specific health needs of ageing individuals, such as mobility assistance, physical therapy, and specialized dementia care. Memory care facilities provide specialized knowledge and trained personnel who comprehend the distinct challenges and needs of individuals with memory impairments. As per AIHW, around 800,000 people aged 65 and over used home support services, in 2021–22.
Various factors and trends contributing to the development of the Australia senior living market include enhancing quality of life through wellness programs such as meditation and nutritional classes. Additionally, technological advancements in wearable devices, remote healthcare assistance, and telemedicine are improving the quality of life for senior individuals. Efforts are also underway to enhance sustainability in senior living facilities through recycling programs and energy-efficient building designs. Initiatives like reminiscence therapy and personalised care approaches are being implemented to support seniors dealing with dementia.
Australia Senior Living Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Property Type
Market Breakup by Region
Assisted living holds a major share in the Australia senior living market by providing comprehensive care, promoting independence, and creating a supportive community environment tailored to the needs of elderly residents.
The growth of the senior living market is driven by the increasing adoption of sustainable practices, personalized care approaches, adaptation to an ageing population, enhancements in safety and security, and advancements in technology.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market was valued at AUD 6.65 Billion in 2023.
The market is projected to grow at a CAGR of 6.43% between 2024 and 2032.
The revenue generated from the senior living market is expected to reach AUD 11.65 Billion in 2032.
Based on the property type, the senior living market is bifurcated into assisted living, independent living, memory care, nursing care, and others.
Key players in the senior living industry are Settlers Apartments Pty Ltd, Group Homes Australia Pty Ltd, RA (Holding) 2014 PTY Limited, Agedcare101 Pty Ltd, LDK Healthcare Pty Ltd., Aveo Group Limited, Keyton Holding Pty Limited, Adventist Senior Living, and Living Choice Australia Pty Ltd., among others.
The market is broken down into New South Wales, Victoria, Queensland, the Australian Capital Territory, Western Australia, and others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| Report Features | Details |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Property Type |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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