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Prospects for the New Zealand medical and healthcare property sector, including the aged care sector, continue to remain attractive. Healthcare property benefits from long-term demographic drivers and the fact that health expenditure is often mandatory, therefore, healthcare property presents desirable non-cyclical and defensive characteristics. We consider that these factors contribute to reducing the risk profile for the healthcare property sector and making properties associated with the healthcare sector desirable additions to portfolios.
Like the healthcare sector generally, the aged care sector is expected to benefit from population growth, increasing life expectancies, and an ageing population. Between 2016 and 2020 there was a 46% increase in Government expenditure on healthcare, growing from $15.6 billion to $22.8 billion. Whilst people over 65 years old currently represent around 16% of the total population, the health services they use account for approximately 42% of public healthcare spending.
The age of entry into aged care beds in New Zealand is typically 85 years and above. The growth of this age segment is expected to be rapid, with a forecast rise from 88,000 people in 2020 to 360,000 in 2063 (+309% growth).
Centuria NZ Healthcare Property Fund Limited is the issuer of the shares to be issued under the offer to which this advertisement relates. A Product Disclosure Statement for the offer, which sets out the terms and conditions of the offer, is available, and can be obtained by contacting the Bayleys Real Estate agents listed in this advertisement. Nothing in this advertisement constitutes an invitation to subscribe for, or an offer of shares, securities or financial products to any person, in any country, in which it would be unlawful to do so. Terms used in this advertisement have the same meaning as defined in the Product Disclosure Statement, unless the context suggests otherwise. Before deciding whether to invest, you should obtain independent financial advice that takes account of your personal financial goals and circumstances. Bayleys Real Estate Limited cannot provide you with any such independent financial advice. Important information about the financial advice service provided by Bayleys Real Estate Limited is available at syndications.co.nz.
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