Retirement home

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.

The builders who gave Brisbane the iconic Breakfast Creek Hotel have been chosen to construct a retirement village within the historic Indooroopilly Golf Course.

Canadian behemoth Brookfield has won a major foothold in Australia’s retirement living sector, with Aveo shareholders voting to approve its takeover scheme.

Retirement living trust Ingenia Communities Group has raised $131 million of fresh equity to buy three estates and pump more capital into its Sun Communities joint venture, putting it on the path to a $1 billion market capitalisation.

A Melbourne nursing home with an estimated $8 million price tag is set to go under the hammer in a live online auction later this year.

A new seniors living village slated for Canberra will be given a $60 million environmentally friendly boost from the federal government’s green energy fund.