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23 hours ago

Development

Catholic Healthcare celebrates construction milestone for new aged care home on NSW Central Coast

Growthbuilt, the Not For Profit’s construction partner, hosted a Topping Out ceremony with representatives from both organisations gathering to witness a significant milestone in the construction of a new 102-bed residential aged care home at...

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21 Feb 2025

Aspen buys 26ha site in WA and reveals plans as HY25 results show strong growth

The ASX-listed affordable housing group has shown the vociferous demand for its products as it released its HY25 Financial Result on Thursday. Aspen Group’s revenue increased by 20.1% to $50.9 million, and its profit surged by 39.9% to $31.2 million...

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21 Feb 2025

Stockland’s Halcyon land lease community brand going gangbusters

In the 181 days of the first six months of the year, the diversified property developer’s land lease community brand achieved 248 home settlements (up 60% on 1H24), had 376 contracts on hand and had 273 net sales (up 13% on 2H24) with four...

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19 Feb 2025

Government Policy

Axe CRA and reform Age Pension asset test threshold: RLC Pre-Budget Submission

In its Budget Submission The Retirement Living Council, in conjunction with Ansell Strategic, wants to help older Australians who are “asset rich, income poor” move more easily into retirement villages. The RLC, which secured $5.2 million over...

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18 Feb 2025

Government Policy

Hospital in the Home in retirement villages pilot: Ageing Australia’s Pre-Budget submission

Ageing Australia’s Pre-Budget submission

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Mergers & Acquisitions

Oxford Properties Group tipped to vie for $3B+ retirement village operator Aveo

Oxford is part of the Canadian global pension investor OMERs, and has reportedly made an offer for the Brookfield-owned retirement village operator. Oxford is also behind the Indi Build to Rent brand in Melbourne and Sydney and has a 50% stake in...

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Serenitas has development pipeline of 2,300 land lease homes, reports Mirvac

In announcing its 1H25 financial result on Friday, the Mirvac’s CEO Cambell Hannan said “Our land lease business has grown by 15% to over 7,000 lots since our initial acquisition 12 months ago and is well placed to capture demand in this...

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Only in SATURDAY: $200K to refurbish a village unit? It’s happening

Jolyon Good (pictured above), who has been operating Good Constructions with his wife Jayne, entered the retirement village sector six years ago. Today, refurbishing ageing villages makes up the majority of their business which has now expanded from...

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Development

‘Halfway house between a retirement village and a nursing home’

Self-described as a new concept, Christian Homes Tasmania wants to “revolutionise” aged care with plans for a $90m development including hotel styled independent living described as “a halfway house between a retirement village and a nursing...

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Sector Moves & People

Lyndel Gray resigns as CEO of NSW Land Lease Living Industry Assn and NSW Caravan and Camping Industry Assn

After 13 years at the helm, Lyndel will step down at the beginning of May. She has been instrumental in building its reputation as the peak body for the industries in NSW. “There is still enormous potential for growth, but the time is right for me...

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In the Headlines

Villages.com.au website traffic soars 16.7% this month alone

The traditional spike in interest in retirement villages and land lease communities at the start of the year shows no signs of stopping. From the analytics, January 2025 saw a 6% increase in users Year On Year and February has seen a continuation of...

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Development

Amara Cremorne by Pathways’ $87.5M senior living development recommended for approval

Despite the objection of North Sydney Council, who also imposed heritage orders on six buildings in Graeme Skerritt’s development, the State Significant Development is recommended for approval by the NSW Department of Planning, Housing and Infrastructure. The department’s report approving the proposal and its reasons has just been published.

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