The village operator has invested the cash in seven new homes at its Gillin Park village in Warrnambool, 256km west of Melbourne, plus a new clubhouse due for completion next month.
The new two-bedroom plus study homes are priced from $329,000 while the village’s existing villas start from $263,000.
Stockland Regional Development Manager Paul Keleher says that they worked closely with the village’s 115 existing residents on the new development which has been specially designed to meet the “modern needs and expectations” of retirees.
He added that Stockland offered a money back guarantee for new residents for the first six months of moving in, so they could make their retirement decisions with confidence.
