Apartments are the new normal for retirement villages.
While many big operators have been building apartments for about five years now in capital city locations, we are now seeing the traditional ‘horizontal village’ operators branch out to apartments.
Expanding village operator Oak Tree has announced the opening of its Pelican Waters on the Sunshine Coast village. It is a $15 million development of 60 units over four storeys.
Oak Tree now owns and operates 31 retirement villages across Queensland, NSW, Victoria and Tasmania, mostly horizontal villages around 80 homes.
Managing this type of development is vastly different to a traditional village. For instance, residents don’t have their own outdoor space so the focus on activities is different.
Building management is also very different, but the skills will expand your professional credentials across areas such as building and strata management. All good news.