Business · Companies · 1 hr ago
Ryman says soft housing market has not weakened demand for care
Ryman Healthcare, a provider in New Zealand and Australia, says demand for retirement living and aged care has held up despite a soft housing market.
Many people use money from selling a family home to pay for aged care, so weaker housing conditions can affect demand.
In the quarter, customers signed 379 agreements for retirement living units, including 312 resales, the highest number of resales in eight quarters.
Net resale contracts rose 11% from a year earlier, and unsold apartments fell by 67 to 347.
Aged care occupancy rose by 3.3 percentage points to 94%, although occupancy at established centres dipped slightly during a period of winter illness in some New Zealand villages.
Ryman says demand is supported by long-term demographic trends, not just housing conditions.
The company says it remains on track to deliver 157 to 169 new retirement units and aged care beds this financial year.
Ryman Healthcare says soft housing market conditions have not weakened demand for retirement living, assisted living or aged care in New Zealand and Australia.
The company reported 379 new retirement living occupation right agreements in the quarter, including 312 resales and 67 new sales.
Resales were up 14% year on year, while net resale contract volumes rose 11%.
Aged care occupancy increased by 3.3 percentage points to 94%.
Ryman said it remains on track to deliver 157-169 new retirement units and aged care beds in the full year.
- Who
- Ryman Healthcare, a trans-Tasman retirement living and aged care provider.
- What
- The company said soft housing conditions had not dented demand for its retirement living and aged care services.
- When
- In a trading update published on October 12, 2026.
- Where
- New Zealand and Australia.
- Why
- Ryman said demand reflected structural demographic drivers that are less dependent on housing market conditions.
This story does not have two clearly opposing sides.
While housing market conditions continue to be soft, demand for retirement living, assisted living and aged care remains resilient across New Zealand and Australia
structural demographic drivers that are less dependent on housing market conditions
Ryman’s net resale contract volumes of retirement units increased 7% year on year.
Net resale contract volumes rose 11% year on year, and new customers signed 379 retirement living occupation right agreements.
Stockhead published Ryman’s trading update.
Ryman’s new Richard Hadlee Village in Christchurch was due to open.
- Retirement agreements
- 379 signed in the quarter
- Resales
- 312, up 14% year on year
- New sales
- 67 in the quarter
- Aged care occupancy
- 94%, up 3.3 percentage points
- Unsold retirement apartments
- 347, down by 67 in the quarter
- Full-year guidance
- 157-169 new retirement units and aged care beds
Sources
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