Australia’s Detached Home Boom Continues to Rise Higher Than Ever
The country now has the highest number of detached homes currently under…
6 September 2017
Australian Unity is set to build a high-rise aged care and independent living tower on Melbourneâ€™s city fringe, having recently gained approval from the Victorian Planning Minister.
The 12-storey Drummond St development will include 31 aged care apartments and 59 independent living apartments. It comes as the third and final instalment to the organisationâ€™s Rathdowne Place Retirement Community.
With almost 50 per cent of the second stage being sold, there is much anticipation surrounding the final stage of Rathdowne Place. It will offer a number of different facilities to its residents, including a communal lounge and dining facilities, a 10th floor terrace, as well as parking for cars, scooters and bicycles. Prices are expected to range from around $400,000 to well over $1 million.
Vertical retirement villages are a growing trend within the retirement living and aged care sector. They provide senior residents with the opportunity to live close to the inner city whilst also being within armâ€™s reach of essential healthcare and community facilities. Major players in the industry are recognising this, with recent developments emerging from Aveo, Leadlease and Stockland.