RACV Enters Retirement Village Market

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The RACV this week entered the retirement market with its purchase of the Royal Pines Resort on the Gold Coast for $60 million. This follows on from its Western Australian counterpart buying 50 percent of the St Ives Group. The RACV is thought to be considering a study into how it can improve its cash flow by embracing over 50s housing at its hotel / resort destinations.

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The Weekly SOURCE is the leading media for retirement living and aged care businesses, delivering sector-specific news through four mastheads. Operating as part of The DCM Group, The Weekly SOURCE also provides a directory of proven sector specialists and an insights exchange.