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It may take a novice to change the world for retirement village residents. Peter Dickson has been working for seven years to establish his vision for Linton Park outside Ballarat.
Joint Chairman of real estate firm Ray White, Brian White, has identified downsizing/transition from the family home to retirement villages and aged care as a significant long-term market segment.
Readers of daily newspapers will have noted the sudden and positive coverage given last week to the concept of pensions being protected when seniors downsize from the family home.
Perth village operator Roger Kwok has acquired the 79 apartment Rylands of Kew and 84 apartment Rylands of Hawthorn from Stockland. Both are prestige vertical villages originally built by the Buxton family and sold to Stockland in 2008.
Aveo’s strategy to transform itself into a pure retirement village operator is starting to pay significant dividends with an 18% increase on their First Half Year net profit (after tax) of $23.8 million.
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