SAP Capital has purchased Tamar Riverside Retirement Village and adjoining land in Launceston, Tasmania, adding the asset to its Easy Living Villas portfolio. Director Sid Gupta told The Weekly SOURCE the Brisbane-based fund acquired the 1.34ha holding with settlement due January 2026.
Marketed by Humpheys Real Estate in July 2025, Tamar Riverside Retirement Village comprises 30 one- and two-bedroom units, most with dedicated undercover parking. The village sits between Cadorna House (operated by Rob and Leeanne Reeves) and Calvary Riverside Views residential aged care – an established seniors’ precinct on the Tamar River.
Sid said SAP Capital will refurbish existing units, resell some under a DMF structure, and retain a portion as affordable rentals for seniors, with additional development planned on the balance land over time. “Tasmania is very affordable – $250k for a one-bedder – so there’s plenty of demand,” he said.
He noted the key challenge in delivering new affordable supply is price-sensitive buyers versus elevated build costs. “Worst case we may look at alternative use for the balance land – subdivision and owner-occupier housing – if feasibility tightens.”
The acquisition expands Easy Living Villas’ footprint beyond NSW, where it operates villages in Camden, Cootamundra, Gilead, Tamworth and Wagga Wagga.
