Listed retirement giant Summerset Group has sent a top development executive to Melbourne this year and chief executive Julian Cook said the business regarded Australia and particularly Victoria as offering opportunity.
Talking about Summerset's result for the June 30, 2018 half-year, Cook expanded on why the company with 23 villages here might cross the Ditch.
"Paul Morris, who used to run development in New Zealand, is now heading up development in Australia and he's been there this year. The more work we do, the more we see it's an attractive market," Cook said of Australia.
Asked what sites and suburbs Summerset was looking at, Cook said he could not yet be specific or provide any further details but the entire state could offer big scope for development work.
"We're considering Victoria generally. We don't want to give a timeline. It's a large market. We believe it's under-served by quality retirement village offerings. There are few who are offering a continuum of care. Ryman [Healthcare] has one village up and another on the way and a big part of that is the continuum of care," he said of why Australians were drawn to the New Zealand retirement village model.