Latest NSW club seeks partner for seniors living development

With the nation’s productivity almost stagnant and inflation higher than the Government had forecast, many clubs are looking for future income streams.

Club Charlestown, a suburb in Lake Macquarie, is seeking expressions of interest for a joint venture redevelopment of a portion of the club’s landholdings.

Preliminary investigations undertaken by the club have identified a preference for seniors living development, driven by complementary land uses and the opportunity to deliver sustainable long-term income for the club.

Retirement living partnerships with clubs in NSW are not new. The latest opening is Club Willoughby’s Hyegrove Willoughby on Sydney’s Lower North Shore.

Campbelltown Catholic Club in Sydney’s southwest is building Siquilla Retirement Residences while on the NSW Central Coast, Pariter has lodged a State Significiant Development Application for the Mingara Recreation Club.

Club Charlestown Chief Executive Officer Michael Gray said they “believe there is a significant opportunity to unlock the full potential of our site by transforming it into a vibrant, multi-purpose precinct.”

“This redevelopment would not only enhance the facilities available to our valued members, but also deliver lasting benefits for the wider community.

“By rethinking how our land is utilised, we can create a destination that reflects our club’s values, responds to evolving community needs, and supports long-term sustainability and growth.”

Urbanite Property Advisory, which has been looking for a similar partner for Caloundra RSL, is hosting the campaign.

Planning NSW states there will be 52% more people aged 65 or older by 2041 across the state.

“This trend, coupled with the ongoing national housing shortage, highlights a clear and immediate demand for high-quality seniors living accommodation,” Urbanite Property Advisory said.