14 homes sold at Summerset’s second continuum of care village in Melbourne before opening
The New Zealand retirement village operator today (20 January) announced its 4Q25 results, with a 26% increase in sales over the previous 12 months.
However, sales declined almost 2% compared to the first six months of the year, when record sales were produced.
In Melbourne, the village centre building at Cranbourne North, its first village in Australia, 39km southeast of Melbourne’s CBD, was completed along with 10 homes at their second village, Chirnside Park, 38km east of the city.
“We opened presales for 28 homes at Chirnside Park late last year and 50% of these have already presold,” Summerset CEO Scott Scoullar said in a statement.
The 9.2ha Chirnside Park site will ultimately accommodate 600 residents and feature:
- 192 independent living units
- Two four-storey apartment buildings
- A 100-bed aged care home, including specialist memory care
- Serviced apartments for residents needing extra support
- Onsite amenities including a swimming pool, gym, theatre and salon
During FY25, Summerset delivered 637 units to be sold under Occupation Right Agreement in NZ and 56 in Australia, in line with its target range of 600 to 650 in NZ and 50 to 80 in Australia.
Scott said that overall, the company had a strong sales year in difficult trading conditions.
Looking ahead, the business has a strong pipeline of committed sales contracts heading into 2026, he added.
