Retirement home

A developer who picked up a $17m harbourside block in Sydney is planning to turn it into high-rise apartments for seniors, complete with wellness centre and rooftop cocktails.

Retirement village operator RetireAustralia says demand has never been so strong as it rolls out hundreds of new units while also integrating its ‘continuity of care strategy’.

Over the next decade, the number of Baby Boomers passing retirement age is set to soar by a whopping 50 per cent.

New player Levande plans to develop more retirement villages and upgrade its existing lifestyle communities after its near-billion dollar entry into the Australian market.

A group of local investors sold the central site to New Zealand-listed Ryman Healthcare as it looks to capitalise on demand for retirement and residential developments.

Australia’s ageing population and changing perceptions around retirement living are driving strong demand for retirement properties, and developers are catching on.

COVID-19 has transformed aged-care facilities across Melbourne into a place few would want to call home.

A 6.32ha senior living development blocked by the NSW Land and Environment Court in 2018 is back on the market with new DA approved plans.

Property company HomeCo, one of the hottest floats of last year, has unveiled a $170 million equity raising to back the expansion of its convenience retail empire while also pivoting into the aged-care sector.