Aged Care

A luxurious nursing home in Melbourne’s leafy east has hit the market for the first time in two decades.

lternative real estate investments such as aged-care facilities and data centres are set to benefit from a wave of institutional capital in coming years, according to JLL research.

Pets, space for the visiting grandchildren to stay, a cinema, beauty salon and in-house medical staff are all part of a $115 million Brisbane seniors project transforming aged care.

Linking old with new, the $1.1 billion Herston Quarter, central Brisbane, is set to be one of the city’s largest and most complex biomedical precincts.

A $4.85 million community centre is under construction at one of Australia’s oldest retirement villages.

Tricare will open its $27 million aged care residence at Kawana Waters next month.

Commercial property does well when jobs are created, from the need to house these extra workers (office) to the extra spending more jobs and greater incomes creates (retail).

Pay rises in the property industry are outstripping other sectors, with junior staff enjoying the best gains and companies moving to quarterly salary reviews to protect their best employees from poachers.

A former aged care facility in the heart of Wahroonga, ripe for a medium density development has hit the market.