UnitingCare NSW has announced a 10 building/352 apartment village to be built in Shellharbour, one hour south of Sydney, valued at $119 million. They have also submitted plans to Council to build a $24.4 million/66 unit village across four buildings at Blackbutt, behind the Shellharbour City Centre. This development neighbours their 100 resident Elanora care facility.
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...