Construction has commenced on The Bellarine Lakes Golf Park at Moolap. It is being converted into a 336 ILU resort-style retirement village. Country Club Villages director Stewart Gull says Stage One is 30 units plus community facilities. The development requires $80 million eventual funding. ILUs will sell from $300,000-$550,000. Country Club Villages is based in Ballarat and has six substantial villages in regional Victoria that it has developed.
Think big. Think care campuses.
The gnarly problem: the lack of new ageing accommodation infrastructure over 20 years has hit the Baby Boomer demand bubble. Bad outcomes for old people are accelerating. Planning approval hurdles are cited as the root cause. Delay and bureaucratic...