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Case Study

Old Colonists’ Association of Victoria

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Old Colonists’ Association of Victoria

Project Overview

Client
Old Colonists’ Association of Victoria
Melbourne | 2017

Key Achievements

  • Supporting OCAV to demonstrate the financial sustainability of its model to funders

Key Services

Safe, secure and affordable housing is integral to people’s wellbeing, particularly for older Australians who often have greater needs relating to security, affordability and appropriateness. The ageing of the Australian population presents a significant challenge for the housing and care of older people. As the longest-established provider of secure and affordable housing for older Victorians, the Old Colonists’ Association of Victoria (OCAV) is uniquely placed to respond to this challenge.

OCAV provides ‘affordable, safe and dignified homes for older Victorians in need, and care when it is required’, with many of its residents experiencing, or at risk of, homelessness, and without the financial means to meet rising housing and living costs. OCAV’s four villages – Berwick, Euroa, North Fitzroy and St Helena – are home to 500 older Victorians in need, living in independent living units, assisted living units and aged care. OCAV has a unique operating model that was established by its original founders that has enabled the organisation to expand and operate sustainably for almost 150 years. Embedded in the model is the commitment to provide some housing to residents who cannot afford to contribute a one-off, means-tested donation on entry.

Think Impact conducted a Social Return on Investment analysis in 2017 of the economic and social impacts of the retirement villages operated by OCAV. The analysis found that for every $1 invested in OCAV, $7.41 of value is created. This value consists of the benefits of OCAV’s continuum of housing and care for the residents and their family members, and the downstream economic savings to government due the improved quality of life for residents and delayed entry to aged care.

View the full report here:

https://ocav.com.au/app/uploads/2018/06/Living-Communities-Age-Well.pdf

“Everyone is treated equal regardless of how much (money) people have got. You’re not rejected if you can’t pay” – OCAV resident.
“A lot of living goes on here!” – OCAV resident.

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