RetireAustralia, Australia's largest private retirement village operator, has announced it has achieved 12 month sales of 347 ILUs across its portfolio of 3,400 or 10.4%.

Managing Director Tim Russell (pictured) points out that this was achieved with both unit price growth and speed of sale, meaning departing residents received their cash in a timely process, all in a flat market.

He predicts moving to 11% turnover in the next few years - the financial sweet spot. They are also committing to extensive new development within existing villages which will deliver significant development profit.