Richmond is rapidly emerging as one of New Zealand’s most important regional healthcare centres, supported by powerful demographic trends that are reshaping the Tasman region. Strong population growth, an ageing population, and an increasing number of retirees choosing to relocate to the area are creating sustained demand for healthcare services and the infrastructure required to deliver them.
The Tasman district has been one of New Zealand’s fastest-growing regions for many years. According to the 2023 Census, Tasman recorded population growth of 10.3% between 2018 and 2023, making it the fastest-growing region in New Zealand during that period. With around 60,000 residents today, the district is expected to grow by a further 7,400 people over the next decade, reaching almost 68,000 by 2034.
Richmond sits at the heart of this growth story. Over the past three decades, Richmond’s population has more than doubled, increasing from around 9,650 residents in 1996 to approximately 19,950 today. It has grown from representing 25% of the district’s population to more than one-third, reinforcing its position as the commercial, service and healthcare hub for the wider Tasman region.
While population growth alone creates demand for healthcare services, the composition of that growth is arguably even more significant.
Richmond and the wider Tasman district have become increasingly attractive destinations for retirees seeking a high-quality lifestyle. The region offers a unique combination of factors that are difficult to replicate elsewhere in New Zealand: a mild climate, high sunshine hours, easy access to beaches and outdoor recreation, a relaxed pace of life, lower congestion than larger metropolitan centres, and a strong sense of community.
For many retirees, Richmond provides an opportunity to enjoy an active lifestyle while remaining close to essential services. The town offers modern retail amenities, cafes, community facilities, recreational opportunities, and convenient access to Nelson Airport. These factors have made the region particularly attractive to people looking to relocate from larger urban centres as they transition into retirement.
The demographic data reflects this trend. Nearly one-quarter of Tasman’s population is already aged 65 years or older, compared with just 16.6% nationally. Richmond itself has an even higher proportion of residents aged over 65 at approximately 25.4%. Looking ahead, the district’s 65+ population is projected to grow by around 50% between 2023 and 2053, increasing its share of the total population from 23% today to approximately 28% over the next decade.
This ageing demographic profile has profound implications for healthcare demand.
As people age, utilisation of healthcare services typically increases across a broad spectrum of care. Demand tends to rise not only for general practitioners but also for specialist medical services, diagnostic imaging, physiotherapy, pharmacy services, pathology, rehabilitation, and a wide range of allied health providers. An older population requires more frequent interaction with healthcare professionals and is more likely to seek integrated care delivered close to where they live.
As a result, healthcare infrastructure has become increasingly important to supporting the wellbeing of regional communities. Across New Zealand, purpose-built healthcare precincts are becoming more common as providers seek to deliver multidisciplinary services from a single location. These integrated environments improve convenience for patients, encourage collaboration between healthcare professionals, and enable providers to deliver more comprehensive care.
The growing strategic importance of the Nelson-Tasman healthcare sector has also been highlighted by the recent selection of Nelson and Marlborough as key training locations for New Zealand’s newest medical school initiative. The programme is expected to support the long-term attraction and retention of healthcare professionals throughout the upper South Island, helping meet the healthcare needs of a growing regional population.
For property investors, these demographic trends create compelling long-term fundamentals. Unlike many commercial property sectors that are influenced by economic cycles and discretionary spending, healthcare services are essential. Medical providers often invest heavily in specialised fit-outs, equipment and operational infrastructure, creating long-term commitments to their locations and making relocation disruptive and costly.
This combination of strong population growth, a rapidly expanding retirement population, and increasing healthcare utilisation continues to support demand for high-quality healthcare facilities throughout the region.
The Richmond Health Precinct reflects many of these long-term trends. Located within one of New Zealand’s fastest-growing regional centres, the precinct brings together established healthcare providers in a purpose-built healthcare environment positioned to service the evolving needs of the Tasman community.
As Richmond continues to attract new residents and retirees, investment in healthcare infrastructure will play a critical role in supporting community wellbeing while meeting the growing demand for essential healthcare services.
For investors seeking exposure to these long-term demographic drivers, Mackersy Property is currently offering the opportunity to invest in the Richmond Health Precinct, a portfolio of established medical assets located in the heart of Richmond’s growing healthcare hub.
Minimum investment is $50,000. For further information, contact the Mackersy Property team at invest@mackersyproperty.co.nz.
Open to eligible Wholesale Investors only, in accordance with the Financial Markets Conduct Act 2013.