Queenslands Tall Trees has seen selling a steady three ILUs a month at the Redland Bay village they were contracted to manage by the now troubled financier LM, who picked it up as a distressed asset from Peet post the GFC. Tall Trees changed the model from a traditional village to its supported living model. They operate under the Retirement Village Act but delivers low and high care and in under a user pays system. The 39 apartments are sized 60-80 sqm and sell for $415k to $515K. I was completed in August 2011 and has just three ILUs left to sell.
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...