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The Grace Retirement Community, Retirement Village, South Melbourne

128 Albert Road South Melbourne, VIC, 3205

Property Overview

Snapshot

Number of Dwellings 79
Type of Dwellings High-Rise Development
Year Established 2019
Minimum Dwelling Price $700,000.00
Maximum Dwelling Price $5,000,000.00

Location

Property Features

Recreational Facilities

  • Commercial kitchen
  • Golf club nearby
  • Cinema
  • Community centre
  • Gymnasium
  • Art studio
  • BBQ area/s
  • Library
  • Spa (indoor, heated)
  • Indoor heated pool
  • Residents lounge
  • Meeting Room
  • Billiards room
  • Craft studio
  • Walking tracks

Amenities

  • Hairdresser
  • Cafe on-site
  • Bar (unlicensed)
  • Walk to shops
  • Beauty Salon
  • Vegetable gardens
  • Bar (licensed)
  • High-speed broadband
  • Walk to transport

Pet Policy

  • Pets Allowed

Level of Support

  • 24hr Medical Alert External

Garages / Carports

  • 1 Car Garage
  • Carport

Independence

  • Ergonomic interior
  • Adaptable Bathroom
  • Secure Estate
  • Built-in emergency aid
  • Level access

Management

  • On-site manager
  • Residents committee
  • Resident front gate / lobby monitor
  • Medical alert to external call centre
  • CCTV security

Accommodation Type

  • Retirement Village

Contractual Arrangements

  • Loan & License
  • Leasehold & License

About this Property

The Grace Retirement Community

The Community

Welcome to The Grace Albert Park Lake

At The Grace, you’re perfectly placed to live an active inner-city retirement while enjoying exclusive access to in-house wellbeing services and club-style facilities. Live amongst like-minded others who have the same zest for life. Meet your neighbours on the rooftop terrace, join a fitness group, book club or cooking class. Our purpose-built health and wellbeing centre offers personalised wellbeing programs and you’ll also have access to physiotherapy, rehabilitation, exercise programs and massage. At The Grace, life is for living to the full.

In designing The Grace, our aim was to create an environment that fosters strong connections between the people who live here - a connected community. Living at The Grace enables you to build lasting personal and social connections, while staying connected to all that you love about living in Melbourne. Enjoy the company of others, laughter, conversation, togetherness. The social and emotional benefits are extraordinary, giving you a deep sense of belonging that has a positive and uplifting impact on your wellbeing.

Facilities include:

Cinema, gymnasium, Piano bar & lounge, private dining room, edible garden, artist studio, games room, Explorers Den, succulent garden,  Philosophers Lounge, library and rooftop terrace with barbecue.

Australian Unity

Australian Unity has been helping Australians live happily and healthily for more than 180 years. With a focus on creating enduring social value, our highly experienced team is known for designing exceptional places, communities and services. All are created to maximise independence and are tailored to the unique needs and desires of the individual. With a highly considered and sympathetic approach to design, Australian Unity creates residential developments that foster physical and mental wellbeing, while bringing together like-minded people who can enrich each other’s lives.

This is general information only and may be subject to change. Some services may attract an additional fee. Prospective residents should refer to the village Information Statement, which is available on our website via http://australianunity.com.au/retirement

Enquire Now

Australian Unity Independent & Assisted Living

The Operator

Australian Unity Retirement Communities: Locations, Costs, Care & Lifestyle 

Last updated: June 2026 
Reviewed by Villages.com.au team 

Australian Unity Independent & Assisted Living offers retirement communities, aged care residences, home services and disability support across Australia. Here we explain Australian Unity retirement community locations, living options, costs, amenities and care pathways, helping you compare Australian Unity communities on villages.com.au and choose the right retirement living option. 

About Australian Unity Independent & Assisted Living 

Australian Unity is a member-owned wellbeing company established in 1840, delivering health, wealth and care services for members, customers and the community. 

Recent Australian Unity corporate information describes the group as having more than 370,000 members and more than 700,000 customers. 

Australian Unity Independent & Assisted Living provides retirement communities, aged care residences, home services and disability services to support people as their needs change. 

Its Better Together model is described around connection, respect and making things possible through flexible, tailored and client-centred services. 

Australian Unity Retirement Community Locations 

Australian Unity retirement communities listed on villages.com.au are mainly located across New South Wales and Victoria, with a Queensland listing at Woolloongabba

The operator page includes communities such as Constitution Hill, Willandra Village, Willandra Bungalows, Kiah Lodge, Karagi Court, Mt Eymard, Sienna Grange, Victoria Grange, Peninsula Grange, Walmsley, Morven Manor, Drummond Place, Geelong Grove and St Luke’s Green

State 

Example Locations 

Living Options 

NSW 

Narraweena, Oxford Falls, Northmead, Port Macquarie, Bateau Bay, Bowral, Kogarah, Maroubra 

Retirement communities, serviced apartments and aged care residences 

VIC 

Carlton, Vermont South, Mornington, Kilsyth, Glen Waverley, South Melbourne, Marshall, Geelong

Retirement communities, villas, apartments and aged care residences 

QLD 

Woolloongabba 

Retirement living and aged care services 

Availability, prices, dwelling numbers and care services vary by community, so please check the individual villages.com.au listing before enquiring. 

Living Options at Australian Unity 

Australian Unity offers a mix of independent retirement living, assisted living options and aged care residences, depending on the community. 

Living Option 

Best For 

Notes 

Retirement villas 

Independent retirees wanting more space and low-maintenance living 

Available at selected communities such as Geelong Grove, Willandra Bungalows and Peninsula Grange 

Retirement apartments 

People wanting secure, apartment-style retirement living 

Available in selected urban and village settings 

Serviced apartments 

Residents wanting extra day-to-day support 

Listed at selected communities such as Willandra Village, Mt Eymard and Greglea 

Aged care residences 

People needing higher levels of care 

Australian Unity operates aged care residences; access depends on eligibility and availability 

Home and disability services 

People wanting support outside or alongside retirement living 

Available through Australian Unity service channels, subject to location and eligibility 

Aged care access should not be assumed at every retirement community; you should confirm services, assessment requirements and availability with the specific Australian Unity location. 

What Does It Cost to Live in an Australian Unity Community? 

The cost of living in an Australian Unity retirement community depends on the location, home type, contract model, available services and current vacancy. 

Villages.com.au listings show a wide price range across Australian Unity communities, from lower-priced serviced apartment or one-bedroom options to premium villas and apartments in high-demand locations. 

Cost Type 

What It Covers 

What to Check 

Entry price 

The upfront price or payment to move into the retirement community home 

Current listing price, home type and contract model 

Ongoing village fees 

Village services, shared facilities and maintenance 

Amount, inclusions and review process 

Exit or departure fees 

Fees that may apply when leaving the community 

Calculation method and contract terms 

Care and support costs 

Aged care, assisted living, home services or disability support if used 

Eligibility, funding, inclusions and separate fees 

Before signing, seek independent legal and financial advice so you understand entry costs, ongoing charges, exit fees and any aged care, assisted living or home service costs. 

Lifestyle & Amenities 

Australian Unity retirement communities are designed to support independence, connection and wellbeing, with services that can adapt as needs change. 

Villages.com.au listings mention amenities such as on-site managers, resident committees, medical alert systems, CCTV security, cafes, hairdressers, beauty salons, village buses, bars, vegetable gardens, high-speed broadband, storage for boats or caravans and walkable access to shops or transport. 

  • Independent retirement community living 

  • Villas, apartments and serviced apartment options 

  • Resident committees and social connection in many communities 

  • Cafes, salons, village buses or gardens in selected locations 

  • Co-located or nearby aged care in selected communities 

  • Home services and disability support through Australian Unity where available 

Amenities differ by community, so you should compare each listing rather than assuming every Australian Unity location has the same facilities. 

Pros and Cons of Australian Unity Retirement Communities 

Pros 

Considerations 

Established member-owned wellbeing company with long history 

Retirement community availability is concentrated in NSW and VIC, with limited QLD listings 

Retirement living, aged care, home services and disability support 

Care access depends on eligibility, assessment and availability 

Wide choice of villas, apartments and serviced apartments 

Prices vary significantly by location and property type 

Some communities are co-located with aged care residences 

Contracts and exit fees need careful review 

Strong wellbeing and client-centred service positioning 

Premium metro locations can be comparatively expensive 

 Is Australian Unity Right for You? 

Australian Unity may be suitable if you: 

  • Want a retirement community in NSW, Victoria or selected Queensland locations 

  • Prefer an established member-owned wellbeing company 

  • Want a choice of villas, apartments or serviced apartment options 

  • Value access to aged care, home services or disability support pathways where available 

  • Are comparing communities with cafes, salons, village buses, gardens or resident committees 

Australian Unity may be less suitable if you: 

  • Want retirement living in a state where Australian Unity has limited or no village listings 

  • Need guaranteed aged care placement immediately 

  • Prefer a land lease or rental-only seniors living model 

  • Do not want to review retirement village contract fees and exit terms 

How to Enquire or Book a Tour 

To compare Australian Unity retirement communities, browse Australian Unity Independent & Assisted Living listings on villages.com.au and open the community pages that match your preferred location. 

Check current availability, price, home type, bedrooms, bathrooms, amenities, care co-location, transport access and enquiry options. You can also contact Australian Unity directly to ask about tours, contracts, fees and care services. 

View all villages and aged care facilities of Australian Unity Independent & Assisted Living

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