Editorials

Veteran retirement village family launch its first land lease community

Aug 16 2016 Updated May 3, 2023

The Weekly Source

1 min read

One of the most successful developers of retirement villages over the past 20 years, the Gannon family now led by Adelaide brothers Tom and Michael Gannon, has just launched Lucas Lifestyle Estate, their first land lease community in Ballarat.

Our fourth largest village operator, RetireAustralia, grew out of their acquisition in 2006 of the Gannon family portfolio of villages across SA, VIC and NSW. In about 2009 Tom and Michael started again and now have four traditional retirement villages at Angle Vale, Albury, Griffith and Tamworth.

Lucas Lifestyle Estate is located in a new planned suburb 6Kl west of Ballarat. The land was acquired last December and the first residents will move in next month a turnaround speed undreamt of in a retirement village.

They plan 226 homes valued at $230K to $280K.

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