Sales launch for new retirement village in Narrabundah

Sales have launched for Canberra’s latest retirement village in Narrabundah.

There are 84 townhouses at the development with a combination of two and three-bedrooms on offer for over-55s.

Colliers International ACT executive Peter Scott says the “homes are designed to support people who want to age in place”.

“Each of the two and three-bedroom townhomes can be fitted with mobility aids as needed. Additional care services can be arranged, including meals, cleaning and emergency support,” he said.

“Assistance will be available on-call and a village bus can transport residents to their appointments, or shops and cafes.”

The complex will be professionally managed, but as they are private homes residents have the option to keep pets.

Buyers will also be able to choose from three colour schemes.

Marymead first lodged the proposal for the multi-million dollar development with the ACT Planning and Land Authority in 2016.

The 1.5-hectare site on Goyder Street was the former site of Marymead’s child and family centre.

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Two-bedrooms home start from $490,000 with three-bedrooms from $565,000. The homes have a scheduled completion by the end of this year.

A display room for prospective buyers is set to open on the site at 255 Goyder Street next month.

There is no shortage of demand for retirement villages in Canberra with the older population in the nation’s capital set to surge.

According to ACT population projections, the proportion of the population aged 85 and over is expected to increase by 16 per cent between 2017 and 2022. Those aged between 64 to 84 will rise by 18 per cent during the same period.

The Productivity Commission has also found an increasing proportion of older Australians are looking to move into age-specific accommodation like retirement villages.

“Retirees are also active members of the community who enjoy a diverse and full social life,” Colliers International ACT director residential Shane Radnell said.

“This means when they seek to downsize, they want to stay near the people and places they know and love.”

Another retirement village on Goyder Street in Narrabundah by Lendlease is set to start selling in the near future. The multinational construction group purchased the site in 2017 for $10.8 million.