Hometown Australia Acquires Oasis Redhead & Saltwood Lake Munmorah
Hometown Australia is pleased to announce the recent acquisition of Oasis Redhead and Saltwood (formerly Oasis) Lake Munmorah in New South Wales.
“The acquisitions support Hometown Australia’s strategy of acquiring and developing quality land lease communities in desirable retiree markets where there is a gap in affordable living options for those over 50,” said Kevin Tucker, Joint Managing Director at Hometown Australia.
The communities are strategically located in the popular Lake Macquarie and Central Coast Local Government Areas, which are highly desirable markets for retirees over 50. The communities further expand Hometown Australia’s portfolio in the Central Coast / Hunter region to 18 communities.
“Both communities are undergoing development and will ultimately include resort-style amenities with quality and affordable homes, providing the opportunity for those over 50 to enter into retirement with a focus on their best years ahead,” said Mr Tucker.
Oasis Redhead offers a refreshing and energised take on over 50s living, nestled right on the doorstep of Redhead Beach. There will be a total of 252 homes when the community is fully completed. Currently there are 87 occupied homes with an additional 35 new homes with new residents expected to move in during the next two months. The remaining homes will be completed as soon as possible with the first 18 homes available later in the year. “Hometown Australia looks forward to continuing to develop and deliver communities with exceptional living experiences and homes that have been architecturally designed whilst aligning with affordability,” said Mr Tucker.
Upon completion of the development, Oasis Redhead will support residents focus on wellness and connectivity with the proposed amenities including an outdoor swimming pool and spa, gym, sauna, plus other sports facilities, and clubhouse designed with communal sitting spaces, cinema, and outdoor BBQ amenities.
Saltwood Lake Munmorah (formerly known as Oasis Lake Munmorah) is a greenfield development with approval for 58 homes. “Hometown Australia looks forward to launching the new community to market in late 2025 sharing the range of quality homes and state-of-the-art amenities,” said Mr Tucker.
“Hometown Australia looks forward to meeting and working with the existing residents, and welcoming the new residents into the Oasis Redhead community as the development progresses,” concluded Mr Tucker.