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Retirement hits new highs at Aveo Newstead

STANDING on the 19th floor of the recently officially launched Aveo Newstead vertical retirement community taking in the panaromic views of Brisbane City and surrounds, the large shining stainless steel barbecue, gleaming bar area and abundunce of comfy looking lounges it is easy to understand why this building has generated plenty of interest.

The Rooftop Lounge is just one of the many leisure and lifestyle opportunities woven into the landmark 19 storey building that sits atop the shopping centres and cafe precinct at the Gasworks in inner city Newstead. It’s an area that highlights the resort-style retirement on offer here.

Officially launched last week, Aveo Newstead cost more than $200 million to create. It includes 8 penthouses, of which six are already sold, and another 136 apartments across levels ten to 17, along with 99 aged care beds on the first two levels, two levels of leisure and entertainment, and 55 care apartments on levels seven to nine.


The dining room on the 19th floor of the Aveo Newstead Retirement Community which is all part of the benefits for residents in the vertical village.
The dining room on the 19th floor of the Aveo Newstead Retirement Community which is all part of the benefits for residents in the vertical village.Geoff Crockett

The first residents moved into the village in June and the apartments are now selling quickly with prices ranging from $449,000 up to $2.2 million for one of the last remaining penthouses.

Speaking at the official launch in late August Aveo Chief Executive Officer Geoff Grady proudly shared his excitement with the audience.

“So, the building you’re in today, the community that you’re in today, Aveo Newstead, is, without doubt, a world leader in retirement living,” Mr Grady said.

“There is quite simply nothing like it elsewhere in the country and there’s very little to rival it anywhere in the world.

“As a vertical modern integrated community it’s our best example of the future for retirement living in this country and it’s our best example of what we’ve been working for the last five years to achieve.

“Going back we’ve been providing lifestyle choices for retirees for over 30 years and over this period we know that the needs of our retirees have changed.

“We’ve been listening very closely to people are telling us about what they want in retirement communities and what we hear what they want is lifestyle-led living, and close to the facilities, for example in the city, but importantly with care and all the other services integrated on a daily basis, integrated into day to day life.

“So, what we’ve done is to completely re-invent what a retirement community can look like and this urban community now provides the opportunity to live in a desirable location with community facilities that are unrivalled and in apartments, frankly, that rival the very best in residential apartment living in this country.”


From its inception, part of the dream Aveo has talked about for this building was to create a village where residents can make the decision to move in to the community and know that they will not have to leave the village again for care.

Adding a new contract system to the physical spaces of the building makes it possible for someone to buy an apartment when they’re 100 per cent independent and if their health detoriorates, move to higher care within the same building, remaining close to their network of family and friends and family with minimum fuss.

Keeping with the resort style nature of the building Aveo have appointed Gillian Hurst as the site’s executive chef, overseeing the quality of food on offer to residents.

“Who would ever have thought that we could exclusively claim, as our own, the inventor of the famous sandcrab lasagne Gillian Hurst, she’s here as our very own providing those services,” Mr Grady said.

“And we provide really great technological innovations, including for example our voice activated emergency system, EV emergency, so that if one of our residents were to fall and can’t easily access their fob or their smart watch, they can call out, speak to an operator and know that immediately care and assistance is on the way.

“We’ve got an app, Aveo Together, for this community that enables our residents to reach out to others in the community, to enjoy their social occasions together and to be able to contact staff and other support services.

“And you might have seen from some of our ads we’ve got our own, our very own tech angel Darren, who can help you with all of your technological needs.”

Assistant Minister for State Jennifer Howard, who spoke on the Premier’s behalf at the opening, was full of praise for the opportunities the village offered to residents of Brisbane and beyond.

“It makes sense that in a new world city like Brisbane a world of possibilities should exist with options for every type of retiree – the adventurous and studious, the culture vulture, the foodie, and the green thumb and of course those just seeking a moment’s rest after decades of hard work.

“It’s reassuring that companies like Aveo recognise that we don’t all want the same retirement journey and that’s why they’ve built this landmark retirement home in the middle of one of Brisbane’s most sought-after locations.

“Aveo Newstead represents a first in the country as we’ve heard from Geoff. It’s Australia’s first premium inner city elevated retirement community and it is, it’s like a resort, coming here and looking around is like coming to a resort.”

“In fact two whole levels of this building are dedicated to leisure activity – there’s a bowling green, virtual golf, a day spa and a gym, a library and even a cinema, and at the end of each day residents can survey the city from level 19 watching as another famous Brisbane sunset drapes our city in golden light.

“This retirement community is proof that while Brisbane city is a great place to study, to work and to raise a family, it’s also a beautiful place to retiree, and retire well.”