What Reside Communities does

Reside Communities is a privately held Australian operator of for-profit retirement villages founded in 2017 and headquartered in Brisbane. The company develops and operates integrated retirement living communities across South-East Queensland, currently running five villages (Samford Grove, Brookland Robertson, Fairway Carindale, Esperance Hope Island, and the newly acquired Maleny Grove on the Sunshine Coast), with individual developments ranging in scale from $40M overhauls to $200M+ ground-up projects. The model combines independent living units with on-site amenities and a hospitality-led resident experience, supported by partnerships with aligned service providers including Five Good Friends (in-home care) and Pacific Golf Club (lifestyle), as well as a brand ambassador relationship with journalist Kay McGrath.

The company's core product is the retirement village community itself, augmented by an award-winning resident mobile application developed in partnership with Generator Tech, which supports digital tours, resident communication, and service requests. Underlying technology is therefore primarily a resident-experience software layer over a physical real estate asset base rather than a proprietary platform architecture; no in-house AI/ML capability was identified.

Revenue is generated through a standard Australian retirement village stack: one-time entry payments (averaging approximately $690K at the Fairway Carindale development), recurring village and service fees, deferred management fees (DMF/exit fees) accruing over the resident's tenure, and community contribution fees. Go-to-market targets owner-occupier retirees and their families in South-East Queensland, with sales velocity demonstrated by Fairway Carindale Stage 1 reaching 98% absorption within six months of opening. The capital-intensive growth model is funded through a partnership with GreenFort Capital, established in 2021.

Name

Reside Communities

Legal name

Reside Retirement Living Pty Ltd

Website

https://residecommunities.com.au

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

Reside Communities is a Brisbane-based operator of retirement villages in South-East Queensland. Founded in 2017, it develops and runs integrated retirement living communities serving owner-occupier retirees across five locations, with a hospitality-led resident experience supported by an award-winning mobile app.

Ownership category

akta.pro rank

Product category

Retirement Living

NAICS

Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (62331)

SIC

Services-To Dwellings & Other Buildings (7340), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Luxury/Resort-Style Independent Living Communities (HLADAAAC)

akta.pro secondary industries

Market-Rate Independent Living (Private Pay) Communities (HLADAAAA), Independent Living Real Estate Owners/Operators (REITs & Management Companies) (HLADAAAG)

Keywords

• Retirement village operations
• Senior living communities
• Independent living services
• Retirement real estate
• Aged care facilities

Headquarters

HQ city

Brisbane

HQ country

Australia

HQ region

Oceania

Offices6 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Entry Payment / Leasehold Right to Reside: Residents pay an entry payment (varies by community and home type) when entering the village, securing a long-term lease. Stage 2 prices at Fairway Carindale start from $690,000. This is the primary revenue driver. No stamp duty is charged.
2. Village Fees (Ongoing): All residents pay ongoing regulated fees covering village operations including facility access, maintenance, gardening, village staff, council and water rates, and insurance.
3. Exit Fee / Deferred Management Fee: Reside Communities retains an exit fee when a resident sells their home. Under Option A, the maximum exit fee is 25% of entry payment, accruing over five years (5% per year, capped at 25%). Under Option B, the maximum exit fee is 15% of entry payment, accruing over three years. A significant portion is reinvested into the village.
4. Community Contribution Fee (Option B): Under the Option B contract model, residents pay 5% of their entry payment upfront as a community contribution fee, which secures a lower exit fee when they leave.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels10 records

Core offering

Reside Communities owns and operates a portfolio of retirement villages across South-East Queensland, providing maintenance-free independent living through leasehold villas, townhomes and apartments with resort-style amenities. Residents enter under one of two contract options (Option A with deferred exit fee or Option B with upfront community contribution) and pay recurring monthly village fees covering operations, maintenance, gardening, staff and insurance. A proprietary residents' app supports facility bookings, maintenance requests, community news and event discovery across all villages.

Product overview

Reside Communities operates a portfolio of five retirement villages across South-East Queensland (Fairway Carindale, Esperance Hope Island, Brookland Robertson, Samford Grove, and Maleny Grove), offering maintenance-free independent living through villas, townhomes, and apartments. The company provides two contract models (Option A with exit fee, Option B with upfront community contribution fee), supported by a proprietary lifestyle app enabling facility bookings, maintenance requests, and community engagement. Each village features resort-style amenities including community centres, pools, gyms, cinemas, and cafés.

Differentiator

Problem solved

Functional benefit

Brands

• Fairway Carindale: Luxury retirement village at Pacific Golf Club, Carindale featuring apartments and resort-style facilities
• Esperance Hope Island
• Brookland Robertson
• Samford Grove
• Maleny Grove

Products and services

• Fairway Carindale Luxury retirement village in Carindale, Queensland, set among the rolling greens of the Pacific Golf Club. Master-planned community featuring luxury apartments and resort-style facilities for independent retirees. Stage 2 adds 76 apartments across three low-rise buildings, with prices starting from A$690,000. When complete, will comprise 175 luxury apartments on a 53-hectare site.
• Esperance Hope Island Luxury waterfront retirement community at Hope Island, Queensland, offering five-star hotel-style living with Stage 1 (Esprit) delivering 76 homes and approximately 300 homes planned across all stages. Includes a health and wellbeing floor, waterfront position with 150-metre canal views, and proximity to Sanctuary Cove and Broadwater.
• Brookland Robertson Established retirement village in Robertson, Brisbane offering relaxed, maintenance-free living in natural surrounds. Completed A$40 million overhaul including The Waratah (Stage 1) and The Banksia (Stage 2), each adding 52 apartments, for a total of 91 residences with resort-style facilities including cinema, pool, gym, bar, lounge, hair and beauty salon and clubhouse.
• Samford Grove Established retirement community in Samford Valley, Brisbane offering spacious on-ground villas and first-floor apartments. Completed A$80 million expansion adding over 100 new homes, townhomes, and The Homestead community centre. Home to 160+ residents with facilities including cinema, lounge, bar, indoor pool, gym, beauty salon, café and consulting rooms.
• Maleny Grove

Quantifiable outcome

• Stage 1 of Fairway Carindale was 98% sold (51 of 52 apartments) within 6 months of launch
• +4 more outcomes

Named customers5 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Seven partnerships are on record, tiered flagship, core and supporting.

• Daniel Morcombe FoundationflagshipStrategic or Co-development Partner · 1 January 2022Reside Communities is a proud supporter of the Daniel Morcombe Foundation, raising awareness and funds for child safety education. Residents and staff participate in the annual Day for Daniel (Australia's largest child safety education and awareness day), fundraising activities, and the Dance for Daniel gala event. The partnership recognises the vital role grandparents play in educating children about personal safety. CEO Glen Brown and COO Craig Syphers actively participate in Foundation events alongside Bruce and Denise Morcombe.
• Pacific Golf ClubflagshipStrategic or Co-development PartnerFairway Carindale is co-located adjacent to the 9th and 18th greens of Pacific Golf Club, with almost 90% of club members voting in support of the project. The partnership involved a $200 million investment to refurbish the 60-year-old club, including a new clubhouse with restaurant, bar, café, virtual reality golf simulator, and 18-hole putt putt course. Pacific Golf Club was named Queensland Golf Club of the Year following the refurbishment. Residents enjoy access to club facilities.
• Kay McGrath (Brand Ambassador)coreGTM or Marketing PartnerAward-winning journalist Kay McGrath (former 7NEWS co-host with 40+ year career) serves as Reside Communities ambassador. She MCs information events, hosts expert panel discussions on retirement living, meets with residents, and represents the brand publicly. As a 'boomer' who went through her own retirement journey in 2020, she brings authentic credibility to the brand.
• Five Good FriendssupportingStrategic or Co-development PartnerReside Communities partners with Five Good Friends for care and support services at Esperance Hope Island. CEO Simon Lockyer participated in Reside's 'Doing Retirement Right' information panel discussing care and support options. Five Good Friends provides in-home care matching retired volunteers with residents who need support.
• Generator TechcoreTechnology or IntegrationReside Communities partnered with Generator Tech (led by CEO Elliott Bouher) to develop and deploy the proprietary residents' lifestyle app. The app won the 2023 Proptech Australia Awards Most Innovative Property and Facilities Management Award in the Start-Up Category. Generator Tech continues to maintain and develop the platform across all Reside villages.
• Lifepath (Brad Monk, Financial Advisor)supportingImplementation/ SI/ Consulting PartnerBrad Monk, Financial Advisor at Lifepath, presents at Reside's 'Doing Retirement Right' information sessions, discussing financial planning for retirement including desired lifestyle and financial legacy planning. Supports prospective residents in understanding the financial considerations of retirement village living.
• Millerson Dufek LawyerssupportingImplementation/ SI/ Consulting PartnerNica Millerson, Principal at Millerson Dufek Lawyers, provides expertise on navigating retirement village contracts at Reside's information sessions. Offers guidance on fees, contract terms, and the importance of seeking independent legal advice before entering a retirement village contract.

Scale indicators15 records

Recent moves11 records

Expansion highlights5 records

Broad incumbents

• Stockland Retirement Living: Diversified property developer with a national retirement living portfolio embedded within master-planned communities. Comparable retirement living offering but as part of a much larger residential and commercial property platform.
• Lendlease Retirement Living: Operates retirement villages in Australia as part of Lendlease's broader urban development business. Comparable as a developer-operator of retirement villages but within a substantially larger and more diversified global property group.

Direct peers

• Eureka Group Holdings: ASX-listed owner and operator of seniors rental accommodation across Australia. Comparable as a specialised seniors-housing platform, though focused on affordable rental rather than premium leasehold.
• Living Choice: Operates independent retirement villages across Queensland and NSW with resort-style facilities. Direct competitor offering similar independent-living villas and apartments with comparable amenity packages.
• RetireAustralia: Operates a portfolio of premium retirement villages across Queensland, NSW, and other states with resort-style amenities. Closely comparable as a multi-state retirement village operator targeting similar downsizer and lifestyle-driven retiree segments.
• Aveo Group: Australia's largest retirement village operator with ~75 communities and ~13,000 residents, acquired by Brookfield in 2019. Directly comparable as a vertically integrated retirement village developer/operator offering independent living through serviced apartment-style contracts.
• Halcyon Communities: Queensland-based developer-operator of premium over-50s lifestyle communities with resort facilities. Closely mirrors Reside's model of resort-style, developer-built retirement communities in South-East Queensland.
• Australian Unity Retirement Living: Operates a portfolio of retirement villages across multiple states via a member-owned mutual. Comparable retirement village offering with similar independent and serviced living contract models.

Regional players

• Baptistcare: WA-based not-for-profit operating retirement villages, aged care, and home care services. Comparable retirement living operations and resident-service model but geographically concentrated in Western Australia.
• IRT Group: Operates retirement villages primarily in NSW and the ACT with a focus on independent and assisted living. Comparable retirement living services and contract structures but concentrated in a different geographic footprint than Reside.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/residecommunities
• LinkedInlinkedin.com/company/reside-communities

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Reside Communities