Tag: retirement village

Planning, Designing & Constructing Retirement Living Villages – Sydney

As baby boomers are entering retirement, the sector is facing an unprecedented opportunity to capitalise on this demographic shift. There are many challenges facing the sector, such as how to address and fix public perceptions to DMF and how operators can best build and construct villages based on market need. Attend Planning, Designing & Constructing Retirement Living Villages conference to hear practical solutions to all the major challenges facing the sector. Topics to be explored – Rebuilding consumer trust – How to design flexible villages to provide a continuum of care – How to conduct market & demographic analysis to develop the right product – How to renovate and modernise your existing portfolio – Featuring two days of industry networking & knowledge sharing – A highly interactive agenda that features design insights from award winning retirement villages Who will attend? Executive leaders from the Retirement Living Sector: – CEOs, COOs, CFOs – Directors of Retirement Living & Operations – Directors & Managers of...

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New Census data shows retirement village trends

Occupancy of retirement villages in Australia is close to capacity, highlighting the forthcoming shortage of age appropriate housing for senior Australians in their local communities, according to new data released by The Property Council of Australia.

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Retirement village industry agrees to action plan

Retirement village owners and operators have agreed on an action plan to deliver higher standards, clearer and simpler information about costs and contracts, and an independent umpire to resolve disputes. More than 20 operators met with retirement village resident association leaders from around the country in Melbourne last week to hear resident feedback and work on common issues. As a result of the discussions, the retirement village industry has committed to an 8-point plan that is designed to lead to greater transparency and higher standards across the industry. This will be achieved by supporting mandatory accreditation for retirement village...

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Baptist Care wins battle to redevelop site

Baptist Care Australia has won a four-year legal battle to build a new retirement village on the site of its former residential care facility in Canberra. Last week the ACT Tribunal gave approval for the provider to develop 100 independent living units on the 22,600 square metre block, in the inner south suburb of Red Hill. The original application, which included 114 units, was lodged with ACT Planning in 2010. It was rejected twice before going to the Tribunal, the ACT Supreme Court and then the Court of Appeal, due to concerns the scale and density of the proposal did not meet zoning regulations. Opposition from a local residents group centred around the coverage of the building on the block, increased street traffic and lack of consultation. During the course of the proceedings, Baptist Care revised its original plans to meet the new Territory Plan that was released, foregoing a third floor attic living space, reducing the number of units, increasing the height of fences and addressing safety concerns about the driveway. An underground carpark with 136 spaces is included in the plans. The original building, which comprised 105 residential care beds and 18 independent living units, has stood vacant since being decommissioned in July 2015. In a statement about the development, Baptist Care said research has shown the ACT faces a looming shortfall of housing suitable for its ageing...

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Aura announces its next retirement village in Queensland

A new a 116-unit retirement village will open on the Sunshine Coast in 2019, directly opposite a brand new not-for-profit aged care facility. According to a report by the Australian Financial Review, Aura, a joint venture between former RetireAustralia executives and Blue Sky Alternative Investments, will manage the Maroochydore village but it will be developed by Blue Sky’s Private Real Estate arm. Across the road from the site, St Vincent’s Care Services is about to open the doors of its new residential care facility next month. The land on which the $67 million retirement village will be built is just under one hectare in size and was purchased for $6 million. It is the second of six sites that Aura has earmarked for retirement living units that will give the company an 800-unit portfolio. In September, Aura made its first purchase – the PresCare Kingsford Terrace retirement village in southwest Brisbane and announced it would expand the project from 34 to 250 independent living units. It is expected to be finished in 2021. Blue Sky Private Real Estate director, Stuart Lockhart, told The Financial Review that investment in retirement villages was not keeping up with the ageing population, and Queensland will need four times the current supply of independent living units to meet demand by...

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