Claiming the largest retirement village development in Australia

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Last week we stated that Roger Kwok’s Hidden Valley is the largest retirement village currently in development in Australia (50 km north of Melbourne), with a planned 537 units and 128 in stage one just commenced.

We received an email from Stephan Gook, Aveo National Marketing Manager, pointing out that their Springfield village development will top out at 2,500 units, with 66 in development for completion in March and sales interest strong.

Don’t know Springfield? It is a remarkable development conceived 25 years ago by Maha Sinnathamby (a Malaysian who came to Australia as a student) and his partner, Bob Sharpless. They bought the 2860ha of wasteland 21km from the centre of Ipswich and 33km from Brisbane’s CBD for $7.8 million in 1992. It is now Australia’s largest master-planned community, and 10th largest globally. To date $12 billion has invested with it expected to top out at $85B.

Aveo is the cornerstone of its Health campus strategy.

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The Weekly SOURCE is the leading media for retirement living and aged care businesses, delivering sector-specific news through four mastheads. Operating as part of The DCM Group, The Weekly SOURCE also provides a directory of proven sector specialists and an insights exchange.