The firm declined to comment. Aveo is one of the largest retirement living providers in Australia, with a portfolio of more than 10,000 units across 67 retirement villages, primarily in high-value ...

Deputy mayor Brett Olds defended the council’s proposed reclassification of land-lease communities which could increase fees by more than 800 per cent for seven retirement villages based in Cairns.

“For example, council rates the owner of the Parks Retirement Village - Aveo Group, who were reportedly purchased by Brookfield global investment group for $1.3 billion in 2019.

But Cairns Regional Council says it will be up to retirement village owners to determine whether it passes on a projected price hike of more than 800 per cent onto its residents in the future.

But Cairns Regional Council says it will be up to retirement village owners to determine whether it passes on a projected price hike of more than 800 per cent onto its residents in the future.

Cairns Regional Council has proposed a change of classification of general rates to retirement villages. Retirement village residents Kevin McRae and Colleen Duplock from Aveo The Parks, Kay ...

Cairns Regional Council has proposed a change of classification of general rates to retirement villages. Retirement village residents Kevin McRae and Colleen Duplock from Aveo The Parks, Kay ...

Cairns Regional Council has flagged that it intends to slug residents living in retirement villages with the fee increase from next year, with the more than $300 increase phased-in over two years.

The retirement village sector is undergoing a landmark change in SA as two not-for-profits buy 13 villages from Aveo — see which ones are changing hands. More than 1000 units are involved in the ...