With 29 retirement villages in operation, the business owned by Infratil and NZ Super Fund, is the sector's major developer.

RetireAustralia completed The Verge at Burleigh Golf Club in Miami on QLD's Gold Coast in June when CEO Dr Brett Robinson unveiled its first care suites, which are charged at $600,000 for a suite with no DMF, with residents entering under the Retirement Villages Act. Under the model, the resident is responsible for funding a daily fee of $300 per day. It is anticipated the resident’s care will be funded in part by their care package, or on a fee for service basis where one is unavailable.  

The Weekly SOURCE also reported last month that Hutchinson Builders had begun building RetireAustralia's Arcadia Retirement Living with 159 independent living apartments and a 10-suite care hub, which is located in Economic Development Queensland’s Yeronga Priority Development Area in Brisbane.

In its pipeline (pictured above), it is clear the operator is committed to its care suites, which ensures provides residents with a realistic ageing in place option. 

Infratil and NZ Super put RetireAustralia on the market in March 2022 with a reported price tag of over $1 billion. With its profits soring, the joint owners announced it was off the market in December last year. Now Jefferies Australia has been contracted to see if anyone is willing to buy it.

RetireAustralia made a record $95 million underlying profit to December 2023, an increase from $57 million from the 2022 financial year. The uplift was underwritten by better operating metrics, higher unit prices and returns on developments. The portfolio has an $802 million book value and is running at 93% occupancy, as of December 31. The average new unit was valued at $702,000 at June 30, 2023, an increase from $677,000 on the previous financial year. 

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