23 Oct 2009

Retirement village operator sees lift in sales

8:02 am on 23 October 2009

Metlifecare considers it's well poised to take advantage of a pick-up in the housing market, as more people will be able to sell their homes and buy retirement villas.

The retirement village operator lost $115 million last year, but says the outlook is rosier as the property market picks up and operating efficiencies are made.

Chief executive Alan Edwards says sales of retirement homes in the first quarter of this year are up 50% on the same period last year.