Development

Retirement village in Torquay, Victoria, approved for Coombes Road Pty Ltd

Jun 03 2024 Updated June 6, 2024

Ian Horswill

1 min read

The Victorian Civil and Administrative Tribunal (VCAT) on 29 May approved the amended plan for a new retirement living development in the seaside town of Torquay, 97km southwest of Melbourne.

Coombes Road Pty Ltd had sought to/ construct a retirement village in a Low Density Residential Zone

VCAT, after a five-day hearing, approved a plan for 191 independent living single and double-storey units, with a clubhouse and recreational facilities.

Surf Coast Shire voted to support the latest iteration of the plans in April.

Browse villages.com.au for the latest on Seniors Living including availability.

DCM Conversations at the Wharf with Ausmed: the Practical Utilisation of AI

Scape moving to acquire Aveo is good news – here is why

It was revealed in the Financial Review this week that Australian student accommodation giant Scape is now the exclusive bidder to buy Aveo, for an indicated $3.5B. They will bring fresh thinking to the retirement village sector. Take a step back...

Click here

Chris Baynes

15 Apr 2025

Mergers & Acquisitions

Scape reportedly in exclusive talks to buy retirement village operator Aveo

The student accommodation provider, working with Macquarie Capital and Deutsche Bank on due diligence, is likely to call on the two banks and Scape’s capital partners to buy the $3 billion plus business owned by Brookfield. Brookfield put Aveo up...

Click here

Ian Horswill

15 Apr 2025

Opinion

Damned if you do, damned if you don’t: aged care on a collision course with care minutes

With just 12 months until care minutes are linked with funding, residential aged care providers are facing a lose-lose scenario: lose funding if they understaff but fail to be compensated if they exceed targets, says Shalain Singh, Managing Director and CEO of Arrow Advisory Group.

Click here

Lauren Broomham

17 Apr 2025

Mergers & Acquisitions

Exclusive: Chiou See Anderson sells her two retirement villages

The 123-unit Elements @Springwood, in Queensland’s City of Logan, and the 45-unit Elements @Con Noi Carindale, 13km southeast of Brisbane’s GPO, have a new owner. Chiou See has told us the NSW-based Hunter Group has bought her two villages; they...

Click here

Ian Horswill

14 Apr 2025

Appeal set for ex-NSW police officer who avoided jail over aged care Taser death

A court date has been set for the appeal of the sentence handed to former NSW Police officer Kristian White (pictured above right), who was convicted of the manslaughter of 95-year-old Clare Nowland (pictured above left) last month. The NSW Court of...

Click here

Lauren Broomham

5 hours ago

Opinion

Is Trump the golden ticket for aged care?

Hear me out – here’s the thinking. Unless you’ve been living under a rock, you’ve probably seen the headlines: US President Donald Trump’s sweeping new tariffs on imports have rattled global financial markets – Australia included.

Click here

In SATURDAY: what do retirement village residents want from the next Federal Government?

With less than four weeks until the election on 3 May, retirement village residents’ associations are raising concerns over the growing complexity retirees face in navigating the aged care and housing systems. The NSW Retirement Village Residents’...

Click here

Mark Bindon told LEADERS SUMMIT 2024 he’d be back. Now, he returns with Kado Residences — high-end, wellness-infused retirement living with three premier coastal locations revealed

The visionary Founders of Oak Tree Group, Mark Bindon and Franco DePasquale, have launched Kado Group, their latest venture alongside General Manager Melissa Luck, also formerly of Oak Tree. Bringing together a trusted team from their former brand...

Click here

Ian Horswill

31 Mar 2025