Villa Maria (Victoria) buys prime village site from Macquarie Bank’s Retirement Villages Group (RVG)

Nov 19 2009 Updated July 4, 2023

The Weekly Source

1 min read

The highly regarded CEO of Villa Maria, Valerie Lyons, achieved a coup by securing a key inner-city Camberwell property with approval for 64 ILU village for $8.75 million. This equates to a land value of $137,000 per ILU in a AAA prime location. The irony is that the seller was a Macquarie Bank offshoot, an organization known for its tough negotiation, and Villa Maria is a Not For Profit.

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...

Click here

Ian Horswill

07 Jul 2025

Opinion

The law is an ass – and it has cost Lifestyle Communities $1.5 billion and counting

The tribunal in Victoria has ruled the contract requirement of departing residents from land lease operator Lifestyle Communities is void based on a legal/legislative wording, despite residents being well informed when they signed that contract...

Click here

Chris Baynes

19 hours ago

Community Living

Catholic Healthcare investing $600M to build connected communities across NSW

One of Australia’s largest Not For Profit providers of home care, residential care and retirement living services, is investing over $600 million over the next five years in five innovative connected communities in New South Wales. “We’ve spent...

Click here

Ian Horswill

07 Jul 2025

Government Policy

Regulator locks in new liquidity standards for aged care providers

The Aged Care Quality and Safety Commission (ACQSC) has released its consultation report on the draft Financial and Prudential Standards set to come into effect under the new Aged Care Act from 1 November 2025 – and as expected, the core liquidity...

Click here

Lauren Broomham

03 Jul 2025

Why land lease is a winner: Thyme Lifestyle Resort Evans Head, in NSW’s Northern Rivers, has 90% of homes sold with 53% capital gain in 3 years

Owner Serenitas held its “Final Open Day” on 12 July for the last homes being released, from $806,000, at the over 50s lifestyle resort built on 8ha within walking distance of the beaches of Evans Head. It is also offering up to $25,000 for buyers...

Click here

Reside Communities to expand Maleny Grove in QLD’s Sunshine Coast hinterland

The Queensland retirement living operator, which has perfected multi-million dollar vertical living apartments, is expanding a village it bought from Live Life in March 2024 to surpass 1,000 homes. 66 architecturally designed villas and...

Click here

Ian Horswill

14 Jul 2025

Developments

Summerset’s second Melbourne retirement village to open early 2026 as new sales record set

Summerset has posted its strongest quarterly sales on record, with 402 sales for the quarter ending 30 June 2025 – comprising 222 new sales and 180 resales – according to a market update released to the NZX and ASX. It marks the New...

Click here

St Bart’s proposed 80-bed Perth aged care home for the homeless one step closer

Western Australia’s Metro Inner Development Assessment Panel has recommended approval of St Bart’s aged care facility on Brown Street, East Perth, which will provide 80 aged care beds for people over 50 who have a history of homelessness.

Click here

Caroline Egan

09 Jul 2025