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The NZ-owned operator is planning to build the village at the Tarragindi Bowls Club, 8km south of the Brisbane CBD, after securing a 99-year lease on the site.
The same Property Council submission reported ‘complaints’ data available from Consumer Affairs Victoria showed 0.13% of the retirement village resident population made a complaint to Victorian authorities in the 2014/15 financial year. “This is significantly lower than the previous year. We also note that this is significantly lower than complaint levels of similar asset classes.”
For the past three years, residential home prices have been increasing by 5% to 18% per annum in the major capital cities. At the same time village home prices have been rising by 2 to 4%. Why?
15 months after joining ECH as CEO, David Panter is ready to forge a new value proposition for the retirement village sector while also shaping ECH to be a prominent competitor in home care under CDC.
Adelaide’s largest community based village operator ECH has purchased a 9,800sqm Wilsons car park, located 17 km north-east of Adelaide CBD in Modbury, to build the retirement village of the future.
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