Villa Maria Pays $8.75 Million For Camberwell Development Site

Mr Nichols said the retirement sector is undergoing considerable change, and that specialised retirement and aged care operators are active prospective buyers over historically strong groups like Babcock & Brown and Becton.
Last month in Camberwell, the Sisters of Nazareth listed for sale a 2.6 hectare slice of its Nazareth House aged care facility in Cornell Street. Colliers International’s Peter Bremner, who is marketing that property exclusively, is expecting that land to fetch about $20 million.

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Marc Pallisco

A former property analyst and print journalist, Marc is the publisher of