Demand for aged care solid

JULY 2010

Condev Construction will splash $5.8 million to build three aged care facilities in northern NSW.

The new developments are in Byron Bay, Ballina and Lismore. The projects are part of the disability and seniors living strategic plan of the Federal Government’s Nation Building Economic Stimulus Plan.

Condev Construction director Steve Marais, says government projects such as large infrastructure and housing are stimulating the development of the region.

“We anticipate that northern NSW is on the brink of economic resurgence,” he says.

“The Ballina Bypass is currently approaching completion and we envisage that this will be one of the main drivers for significant growth and commercial exposure for the area.”

The Byron Bay project will comprise 12 one-bedroom units with two adaptable units with a construction value $2.2 million; the Ballina project will consist of four one-bedroom units and three two-bedroom units with two adaptable units with a construction value of $1.6 million; and the Lismore project will consist of four one-bedroom units and two two-bedroom bedroom units with a construction value $2 million.

Condev is also close to completing a $9 million mixed-use commercial and residential project Lot 7 in Byron Bay.

Meanwhile, two Gold Coast real estate identities have teamed up to take an equity position in what has been voted Australia’s best supported living community.

Gregg Hewitt and Lynda Gallagher have notched up more than $15 million in sales since January on the Fairways Supported Living community in Tweed Heads and Glenvale Villas in Toowoomba.

Their company, Supported Living Projects (SLP) has helped plan projects from initial feasibility right through to operational management.

The equity stake involves Fairways at Tweed Heads, which SLP took over sales and marketing duties in January, as well as a stake in Glenvale Villas in Toowoomba, the sister development to Fairways.

SLP is in negotiations on several other projects.

“It’s a recognised fact that efficient marketing isn’t just about advertising, it’s about developing initiatives that addresses a market’s key motivations and desires,” says Hewitt.

“An aged care or retirement community is much more than a collection of buildings. Our approach is it’s a ‘home’ to its residents, a sanctuary of care and support, and a reassurance for family and friends. However it also must also be a long term sustainable business.”