The Victorian Government has secured the former St Vincent's Boys Home in South Melbourne at a discounted price, rumoured to be less than half the land's current commercial value. The land has been earmarked for a new aged care facility. The site is expected to be developed into a combination of ILU's and low and high care beds.


VCAT rules Lifestyle Communities’ DMF model illegal
Lifestyle Communities’ business model is under serious threat after a ruling by VCAT President Justice Ted Woodward found its exit fee structure to be illegal. The ASX-listed land lease operator, which was valued at $861.9 million and placed in...
