Government Policy

Australian unity focuses on NSW for retirement village growth

Nov 17 2015 Updated May 3, 2023

The Weekly Source

1 min read

Derek McMillans retirement arm of Australian Unity is seeking out government land releases in Sydney to build integrated vertical retirement villages and aged care along the model of their Melbourne Rathdown Place development.

AU states they do not wish to complete with residential developers for land, preferring to tender for government land releases in inner and middle metro areas. An example would be surplus university or hospital land.

The concentration on NSW follows AUs tender purchase of the NSW governments home care service for $114M which delivered 5,000 staff. They want a balance this carer ratio with retirement villages.

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