VIC: Former Commonwealth Games village becomes $23m seniors living

Oct 21 2010 Updated July 4, 2023

The Weekly Source

1 min read

The $23 million redevelopment of the former Commonwealth Games village has seen the Parkville site redeveloped as Mercy Place Apartments. The majority of the village has been built by Australand and comprises of 52 ILUs. A spokesperson for Mercy Place Apartments stated that a medical centre will open within months. Mercy Place Apartments is 80% sold.

Breaking news: Government delays new Aged Care Act

Minister for Health and Ageing Mark Butler and Minister for Aged Care and Seniors Sam Rae announced this morning that commencement of the new Aged Care Act on 1 July 2025 will be delayed four months until 1 November 2025.

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Why the delayed Aged Care Act is a double-edged sword

Just 17 business days out from its long-awaited start, the Federal Government has delayed the new Aged Care Act – again. It’s the third time the legislation has been pushed back, and while the pause has been welcomed by peak bodies and providers, make no mistake: this delay comes at a cost.

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Lauren Broomham

05 Jun 2025

Aged Care

10 sector CEOs react to four-month delay of new Aged Care Act

The shock announcement in Adelaide yesterday morning by Minister for Aged Care and Seniors, Sam Rae, flanked by Minister for Health and Ageing Mark Butler, to delay the new Aged Care Act from 1 July to 1 November has revealed there are major...

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Ian Horswill

05 Jun 2025

Legal Issues

Mandatory Code of Conduct introduced as major reforms to Victoria’s Retirement Villages Act pass

The Victorian Government has passed the most significant reform of the Retirement Villages Act 1986 to date, reshaping the economic and operational foundations of retirement villages across the state. The main details: 1. Standardised contracts and...

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Ian Horswill

30 May 2025

The burning physical, moral and financial question for village operators: how to exit frail residents?

We have been talking about this for some time, but now others are waking up to the significant calamity emerging for village operators. CBRE has just released is 2024 Seniors Living Report which states that (over the last 3 to 4 years) “in reality...

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Chris Baynes

23 Jan 2024

The Village Professional

Topic - Developments

4,335 new village homes and $1.73B a year required to maintain retirement village penetration – but marketing courage is required

This week I received an email from Alok Kumar, CEO of Omega Communities in Adelaide, asking if we had information on retirement village penetration in New Zealand and Australia. It is a subject worth revisiting for all RV operators. The New...

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Section Editor

12 Apr 2022

The Village Professional

Topic - Developments

First sod turned on RetireAustralia QLD’s The Green in Brisbane

Work has begun on RetireAustralia’s $80 million development The Green in Tarragindi, 8km south of Brisbane’s CBD. We reported on the joint ventures of retirement villages and golf clubs last year and RetireAustralia, whose CEO is Dr Brett...

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The Weekly Source

31 Aug 2021

The Village Professional

Village customers stronger than ever, despite or because of COVID

It shows that last year in September just under 3,800 people searched for a retirement village each day on villages. com. au

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The Weekly Source

24 Sep 2020