The Brisbane-based retirement village operator is pushing ahead with the development of five retirement communities across New South Wales, following Aware Super’s full acquisition of the company in August 2023.
Originally founded by Mark Bindon, Franco De Pasquale and Marco De Pasquale, Oak Tree is now 100% owned by Aware Super – Australia’s third largest super fund – which also holds a 49.9% stake in fellow retirement living operator Keyton.
The five projects are located in Armidale, Mudgee, Dubbo and Coffs Harbour:
- Armidale (Taylor Street and Martin Street retirement villages): The final stage of development at Martin Street was celebrated with a groundbreaking ceremony attended by Armidale Regional Council Deputy Mayor Todd Redwood and fellow councillors Susan McMichael and Kay Endres, the Oak Tree team, Patterson Building Group Pty Ltd, MostynCopper and residents. When complete, the village will include 80 two- and three-bedroom villas, along with shared amenities including a Village Centre, bowling green, new communal garden, dog park, workshop space and communal BBQ. The first 16 homes are scheduled for completion in the second quarter of 2026, with the remainder due by the fourth quarter. Combined with Taylor Street, Oak Tree will have 24 villas in the town.
- Mudgee: Completion of the 64-villa village is underway, with the final 16 two- and three-bedroom villas being delivered in three stages between July and November 2025.
- Dubbo: The final stage of Oak Tree Dubbo will deliver 37 additional villas, bringing the total to 74. 10 homes are now available, with another 12 due by November and the final 15 in early 2026.
- Coffs Harbour: The final stage of 53 two- and three-bedroom villas is now complete, adding to existing facilities including a Village Centre and swimming pool.
Oak Tree Group's Group Development Manager Nick Keay said the company is committed to “building not just retirement villages, but lasting community relationships.”
According to Aware Super Head of Property Alek Misev, Oak Tree had secured a development pipeline of over 1,000 independent living units at the time of the final buyout.
