The Weekly SOURCE

Retirement living’s biggest moves: January to June 2025

A month-by-month breakdown of the key deals, approvals, launches and leadership changes shaping the retirement living and land lease sector in the first half of the year. JANUARY 6 Eureka Group plans $25M-$30M asset recycling of over-55s rental...

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Locked out: are new liquidity standards quietly managing some aged care providers out of the sector?

The aged care sector has just been handed one of the most consequential regulatory decisions in recent years – and for a small number of providers, it could spell the beginning of the end. On 3 July, the Aged Care Quality and Safety Commission...

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What providers need to know about the Commission’s tougher, smarter regulatory approach

As the new Aged Care Act rolls out from 1 November, aged care providers face a regulatory landscape that’s more rigorous, risk-focused and transparent than ever before, Aged Care Quality and Safety Commissioner Liz Hefren-Webb has told SATURDAY in...

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Provider-led and proud: Whiddon’s ambitious pilot to fix regional aged care

12 weeks. No funding. Six (soon to be seven) pilot sites. That’s the bold start to a provider-led reform project that aims to reshape how aged care and health services work together in regional NSW – and perhaps beyond. Whiddon CEO Chris...

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A formula for regional success: How Respect is hitting $15,000 per bed – and still growing

In a sector where many regional providers are fighting just to break even, Respect is quietly charting a different course – and pulling ahead. Led by CEO Jason Binder, the Not For Profit provider now operates in five states, with a laser focus on...

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Executive Spotlight

Meet the leaders behind retirement livng, aged care and in-home care reform – Respect Managing Director and CEO Jason Binder, Aged Care Quality and Safety Commissioner Liz Hefren-Webb, StewartBrown Senior Partner Grant Corderoy, Whiddon CEO Chris Mamarelis and Grant Thornton’s Darrell Price.

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Lauren Broomham

18 Jul 2025

Opinion

A rights-based aged care system: who is the government kidding?

The government claims a rights-based aged care system, but delays, rationed care, and massive waiting lists tell another story. 88,000 are waiting for home care and even Health Minister Mark Butler says almost every aged care facility he visits is full.

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Group Editor

05 May 2023

Home Care

Home Care Package waiting list climbs to 88,000 with data three months out of date

Nearly six months later than expected, the Department of Health, Disability and Ageing has at last released March quarter home care data, revealing 87,597 older Australians were waiting for the level of Home Care they require at the end of the period.

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Caroline Egan

16 Jul 2025

Development

Infinite Care’s first VIC aged care home receiving strong interest 3 months from opening

Construction of Infinite Care’s first Victorian aged care home is progressing, with Infinite Knoxfield expected to welcome its first residents by late October 2025. It’s second Melbourne aged care home, in Windsor, is also expected to open this year, with Infinite Care CEO Luke Greive pledging a commitment to expansion.

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Caroline Egan

16 Jul 2025

Government Policy

StewartBrown: Aged Care Quality and Safety Commission’s liquidity standards modelling out of date

The highly trusted aged care accountants StewartBrown have warned the Aged Care Quality and Safety Commission’s latest liquidity ratios proposal could constrain investment in new aged care beds.

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Caroline Egan

16 Jul 2025

Aged Care

Only in SATURDAY: how regional operator Respect achieves $15,000 per bed

The Tasmania-based, Not For Profit provider led by CEO Jason Binder now has more than 30 homes and operates in five states, and continues to pursue rapid growth.

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Caroline Egan

17 Jul 2025

Community Living

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Opinion

The law is an ass – and it has cost Lifestyle Communities $1.5 billion and counting

The tribunal in Victoria has ruled the contract requirement of departing residents from land lease operator Lifestyle Communities is void based on a legal/legislative wording, despite residents being well informed when they signed that contract...

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Chris Baynes

Legal Issues

QCAT delays closure of Seasons Caloundra as residents win right to stay

The Queensland Civil and Administrative Tribunal (QCAT) has granted a stay on the closure of the Seasons Living Caloundra retirement village, allowing four remaining residents to stay in their homes until a legal review is complete. The Queensland...

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Ian Horswill

Mergers & Acquisitions

Levande marks seventh retirement village site acquisition in two years

The retirement living operator has acquired the development rights from Mirvac to build a retirement village at Oatlands Golf Club, a private golf club just beyond Parramatta’s CBD, about 18km northwest of central Sydney. Levande is partnering with...

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Ian Horswill

Government Policy

StewartBrown: Aged Care Quality and Safety Commission’s liquidity standards modelling out of date

The highly trusted aged care accountants StewartBrown have warned the Aged Care Quality and Safety Commission’s latest liquidity ratios proposal could constrain investment in new aged care beds.

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Caroline Egan

Legal Issues

Ingenia Communities and ABC’s Adele Ferguson on VCAT’s voiding of Lifestyle Communities’ DMFs

Ingenia Communities Group provides the following update in relation to the Group’s exposure to Deferred Management Fee (DMF) contracts across its portfolio. Ingenia has limited exposure to contracts which include a Deferred Management...

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Ian Horswill

Sector Moves & People

Appointments: Brian Wong rejoins Westpac after six years at CommBank

Brian, who is a familiar face at DCM Group’s LEADERS SUMMIT, has left his role as CommBank’s National Director of Healthcare after six years’ service.

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Ian Horswill

Sector Moves & People

Group Homes Australia rebrands as it seeks to form more partnerships

The innovative dementia care operator known for their small household model is rebranding as Videri Australia. “Videri means ‘to be seen’,” said Leah Gabolinscy, Chief Executive Officer. “Our approach goes beyond meeting basic needs; we...

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Ian Horswill

Aged Care

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Government Policy

Elderly couple conduct their own observations as Single Assessment System moves to phone calls to clear backlog

Assessment organisations, which have operated under the Single Assessment System (SAS) since 1 January 2025, are conducting assessments by phone or Telehealth to clear significant backlogs. Older Person’s Advocacy Network CEO Craig Gear OAM said, roadblocks in the SAS must be urgently addressed.

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Caroline Egan

16 Jul 2025

Opinion

A rights-based aged care system: who is the government kidding?

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Ian Horswill

17 Jul 2025

Development

Infinite Care’s first VIC aged care home receiving strong interest 3 months from opening

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Caroline Egan

16 Jul 2025

Development

Woolworths’ aged care plans for Coorey, Noosa, QLD, advance

Australia’s largest supermarket operator Woolworths, which recorded net profit after tax of $1.7 billion in 2023-24, has plans to develop its site in Cooroy, 135km north of Brisbane, including a proposal to build a 120-bed aged care home, now at public notification stage.

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Caroline Egan

16 Jul 2025

Government Policy

StewartBrown: Aged Care Quality and Safety Commission’s liquidity standards modelling out of date

The highly trusted aged care accountants StewartBrown have warned the Aged Care Quality and Safety Commission’s latest liquidity ratios proposal could constrain investment in new aged care beds.

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Caroline Egan

16 Jul 2025

Aged Care

Only in SATURDAY: how regional operator Respect achieves $15,000 per bed

The Tasmania-based, Not For Profit provider led by CEO Jason Binder now has more than 30 homes and operates in five states, and continues to pursue rapid growth.

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Caroline Egan

17 Jul 2025

Aged Care

Residential aged care providers using funding for care minutes to boost profits: Govt report

The Department of Health and Aged Care’s Financial Report on the Aged Care Sector 2023-24 reveals residential aged care providers earn higher profits when they fail care minute targets, capital expenditure on residential aged care is growing, and 10,000 more aged care beds will be needed every year.

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Caroline Egan

16 Jul 2025

Development

Rockpool lodges plan for new aged care home in Southport, Gold Coast, QLD

Construction of Rockpool Northshore Brisbane, a 153-bed aged care home 8km northeast of the Brisbane city centre, is well underway, with Rockpool CEO Melissa Argent also announcing a new development in Southport on the Gold Coast.

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Caroline Egan

16 Jul 2025

Aged Care

Only 38% of For Profit aged care homes comply with mandatory care minute targets

The Department of Health, Disability, and Ageing’s latest dashboard for care minute targets for the March 2025 quarter shows fewer than half of all homes in Australia - 49% - are meeting the both the total care minute and RN targets.

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Caroline Egan

16 Jul 2025

Home Care

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Government Policy

Consultant Liquid Interactive earns nearly $30,000 per day to operate and update My Aged Care for reforms

The Department of Health, Disability and Ageing has awarded digital consultants Liquid Interactive a $476,432 extension on its contract to “operate and enhance” My Aged Care making the total contract worth $27 million, or nearly $30,000 per day.

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Caroline Egan

16 Jul 2025

Opinion

A rights-based aged care system: who is the government kidding?

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Ian Horswill

17 Jul 2025

Home Care

Mable denies AFR report the care platform is up for sale

Mable CEO and Co-Founder Tony Charara has denied reports in The Australian Financial Review that US private equity firm General Atlantic is looking to sell its stake in the aged and disability care platform.

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Caroline Egan

17 Jul 2025

Saturday

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DIGITAL EDITION

Saturday

Issue 103 | Tough but fair: The 2025 Mid-Year Review

Issue 102 | Do you care? 130,000 begging for home care and waiting 17-plus months

Issue 101 | Plan T: Transform or collapse

Issue 100 | Plan T: Transforming the ageing journey

Issue 99 | The fight to save regional aged care

Issue 98 | The $150 billion shift: why assisted living is back

Issue 97 | Fixing aged care: providers leading the way

Issue 96 | Is aged care ‘fixed’?

Issue 95 | LEADERS SUMMIT Special: Designing your next decade

Issue 94 - Lou Pascuzzi - Chief Executive Officer & Managing Director, TLC Healthcare

Issue 93 | Man on a mission

Issue 92 | Disrupting the land lease model

Lauren Broomham

14 Feb 2025

Conversation at the Wharf

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Partnering With Westpac

Westpac Leading Conversations at the Wharf: industry leaders share vision for the future of care in retirement living

Three leading operators in the over 50s retirement living market have spoken about where the sector is heading at the latest Westpac Leading Conversations at the Wharf held in Fortitude Valley, Brisbane. The event featured: Glen Brown, Co-Founder...

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Ian Horswill

Retirement and Community Living

Westpac Leading Conversations: Will Baby Boomers pay for additional village care beyond Home Care Packages?

The third video from the Westpac/DCM Group lunch in Adelaide gives great insight into where retirement living is heading as the need for care services in retirement villages rises. The question: Will Baby Boomers pay for additional village care...

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Ian Horswill

Partnering With Westpac

“Are you going to increase your village staffing, with the emphasis on care?” Westpac Leading Conversations in Adelaide

DCM Group CEO Chris Baynes at the latest Westpac Leading Conversations at the Wharf in Adelaide asked “Are you planning to increase your village staffing?” David Moran, CEO of Southern Cross Care SA, NT & VIC; Jenny Hall, CEO of Uniting S...

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Ian Horswill

Partnering With Westpac

Westpac Leading Conversations in Adelaide: Are retirement villages already low care?

DCM Group CEO Chris Baynes at the latest Westpac Leading Conversations at the Wharf in Adelaide asked “Are retirement villages already ‘low care’?”

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Ian Horswill

Spotlight Sponsored Content

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Spotlight

They say quality is never an accident – it’s a habit.

By Daniel Gannon In Australia’s retirement living sector, we want to see quality all-round, all the time, in all villages, across all jurisdictions, and our goal is very much intentional We know quality equates to happier, healthier communities...

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Sasja Bouwman

DIGITAL EDITION

SATURDAY Issue 72

Risky business: the challenge of dementia in the retirement village

With an increasing number of retirement village residents living with some form of cognitive impairment – and few avenues for operators to move them to higher-level care – how can village operators protect themselves and their communities? With...

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Lauren Broomham

DIGITAL EDITION

SATURDAY Issue 71

Does this look like an aged care facility to you? Why this provider wants more people living with dementia to stay at home

With people living with dementia for an average of 10 to 12 years, more Australians than ever are living with dementia at home – is it time for a rethink of the ageing journey? People living with dementia can live well at home, but it requires...

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Lauren Broomham

DIGITAL EDITION

SATURDAY Issue 70

From the top down: why dementia is now core business for village operator Keyton

The math doesn’t lie. Retirement villages are seeing an increase in the number of residents living with dementia – so how can operators get on the front foot? With the average age of retirement village residents now 81, and one in three...

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Lauren Broomham

What's On

See more events

22 Jul

Professional Development Days July – August 2025

22nd - 06th July

12 Nov

Village Summit 2025 | Wellbeing, done well

12th November

Wednesday, 8:00am - 3:30pm

Development

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Development

Woolworths’ aged care plans for Coorey, Noosa, QLD, advance

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Caroline Egan

Development

Infinite Care’s first VIC aged care home receiving strong interest 3 months from opening

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Caroline Egan

Development

Rockpool lodges plan for new aged care home in Southport, Gold Coast, QLD

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Caroline Egan

Development

Why land lease is a winner: Thyme Lifestyle Resort Evans Head, in NSW’s Northern Rivers, has 90% of homes sold with 53% capital gain in 3 years

Owner Serenitas held its “Final Open Day” on 12 July for the last homes being released, from $806,000, at the over 50s lifestyle resort built on 8ha within walking distance of the beaches of Evans Head. It is also offering up to $25,000 for buyers...

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Ian Horswill

Government

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Government Policy

Consultant Liquid Interactive earns nearly $30,000 per day to operate and update My Aged Care for reforms

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Caroline Egan

Opinion

A rights-based aged care system: who is the government kidding?

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Ian Horswill

Government Policy

StewartBrown: Aged Care Quality and Safety Commission’s liquidity standards modelling out of date

The highly trusted aged care accountants StewartBrown have warned the Aged Care Quality and Safety Commission’s latest liquidity ratios proposal could constrain investment in new aged care beds.

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Caroline Egan

Home Care

Govt funding for care management “far exceeds” cost to home care providers

The Department of Health, Disability, and Ageing’s Financial Report on the Australian Aged Care Sector 2023-24 showed EBITDA for home care increased 77% over the year to $4.88 per care recipient per day driven by improved results for the bottom three quartiles.

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Caroline Egan

Aged Care

Residential aged care providers using funding for care minutes to boost profits: Govt report

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Caroline Egan

Government Policy

Elderly couple conduct their own observations as Single Assessment System moves to phone calls to clear backlog

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Caroline Egan

Aged Care

Murrumbidgee Aged Care Network in NSW officially registered as co-op to keep 7 aged care homes open

Murrumbidgee Aged Care Network has officially registered as a co-operative, bringing together 7 small aged care operators from the region to share administrative functions such as compliance, recruitment and financial reporting. Karen Hodgson, manager Cypress View Lodge, says the program could be a “game changer”.

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Caroline Egan

Aged Care

Only 38% of For Profit aged care homes comply with mandatory care minute targets

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Caroline Egan

Home Care

Home Care Package waiting list climbs to 88,000 with data three months out of date

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Caroline Egan

Housing News

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Housing News

Funding secured for Wesley Mission’s affordable and supported housing project in Canberra

Wesley Mission’s affordable rental and supported housing development in Curtin, Canberra, is officially going ahead after securing funding through the first round of the Australian Government’s $10 billion Housing Australia Future Fund (HAFF)...

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Ian Horswill

Government Policy

18,650 social and affordable homes funded as 370 homes repurposed

The Australian Government’s flagship Housing Australia Future Fund (HAFF) has agreed to fund 9,284 social and 9,366 affordable homes through 279 successful projects under the first two funding rounds of the HAFF and National Housing Accord Facility...

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Ian Horswill

Sector Moves & People

Former NSW Govt Minister Rob Stokes starts role as Anglicare Sydney’s Group Executive - Housing

In the newly-created role, the retired long-serving NSW politician will lead the growth and strategic direction of Anglicare’s Housing business unit, strengthening the organisation’s focus on providing more safe and affordable homes for those...

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Ian Horswill

Funding

Aspen Group aimed to raise $4M – but could have taken $18M

The ASX-listed affordable accommodation provider, which has 10 active projects, announced a Security Purchase Plan (SPP) on Wednesday, 28 May, offering existing investors the opportunity to acquire up to $30,000 in Aspen Group securities without...

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Ian Horswill

Housing News

First modular homes for more than 65,000 on NSW social housing waitlist

The NSW Government, which has a gowing wait list of people needing social housing, 11,161 priority approved and 54,597 general approved. has announced the first factory built modular social homes are nearing completion. Three modular homes are being...

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Ian Horswill

Housing News

Anglican Care’s closed aged care home converted into housing for women over 55

The agency of the Anglican Diocese of Newcastle announced it was shutting an aged care home in Mt Hutton, a suburb of Lake Macquarie, 14km west-southwest of Newcastle, in March 2022. On Saturday, NSW Government announcedit has been converted in 20 units for homeless women..

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Ian Horswill

Out of the Ordinary

Will this catch on? Residential homes only for over-45s

In a first, 24 homes are being built for people aged 45 and over. “It’s a new concept. People haven’t really done a downsizer community development like this before. People put age restrictions on properties, but not for the reasons we have...

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Ian Horswill

Housing News

Over 100 social housing homes for seniors being built in Sydney

The homes are being delivered across inner east and west Sydney through a joint investment by the Albanese and Minns Governments, supported by the $2 billion Social Housing Accelerator Fund (SHAF). So far, 61 homes have been completed across...

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Lauren Broomham

Funding

Aspen touts 20% return on invested capital at property investor event

The ASX-listed affordable housing provider has revealed strong performance metrics, highlighting a 20% return on invested capital across its portfolio of more than 1,500 sites in 10 communities. Speaking at Barrenjoey’s Emerging Property Companies...

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Lauren Broomham

Development

Eureka secures $180M in refinancing deal, acquires new site in QLD

Eureka Group Holdings CEO Simon Owen is delivering on his ambition to make the company Australia’s market leader in both over-50s and all-age rental communities, after successfully refinancing and expanding its debt facilities.

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Lauren Broomham

Housing News

15 new social homes planned for senior co-housing community in WA’s South West

“Whilst the project does not offer assisted living or nursing facilities, and each member is responsible for themselves, it is common in cohousing communities that if someone is sick, neighbours will help with activities like bringing them meals...

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Lauren Broomham

Funding

Mareeba Community Housing Co granted extension to management of Community Housing for Seniors

The community at the base of Cape York Peninsula in Far North Queensland has more than 300 locals, including seniors, currently vulnerable to homelessness. Mareeba Community Housing Company (MCHC), which was given a three-year extension to its...

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Ian Horswill

Opinion

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Opinion

A rights-based aged care system: who is the government kidding?

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Ian Horswill

Opinion

The law is an ass – and it has cost Lifestyle Communities $1.5 billion and counting

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Chris Baynes

Opinion

A return to the dark days: Negative media headlines are back – can the sector pressure the Government for real change?

In 2018, just before the ABC’s Who Cares? program aired and the Morrison Government announced the Royal Commission into Aged Care Quality and Safety, the headlines around home care and aged care turned bleak. Reading the papers this week, it’s...

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Lauren Broomham

Opinion

Moving deck chairs on the Titanic: Govt fails to shift the needle on aged care

The Albanese Government promised to fix aged care. But if this is “fixing it,” we’re in trouble. Let’s start with Example 1: Blair Comley’s 2025 Departmental Briefing to Health Minister Mark Butler – obtained via FOI – doesn’t list...

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Lauren Broomham

Chris Baynes

Aveo transformation masterclass: turning $1.27B into $3.85B in 55 months

Today’s confirmation of the sale of Aveo is dated 26 June 2025. Brookfield took the keys to Aveo in November 2019, or four years and seven months ago. On first blush they made $2.58 billion profit in those 55 months, or did they make a lot more?...

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Chris Baynes

Funding

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Government Policy

18,650 social and affordable homes funded as 370 homes repurposed

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Ian Horswill

Funding

Aspen Group aimed to raise $4M – but could have taken $18M

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Ian Horswill

Funding

Land lease operator GemLife’s IPO to surpass Virgin Australia, with 3 July listing confirmed

Adrian Puljich, his father Peter and Singapore diversified company Thakral Corporation opened talks on the possibilility of becoming a publicly listed business in April. A prospectus for the float will be lodged with the Australian Securities and...

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Ian Horswill

Aged Care

“Burdensome and underfunded”: aged care sector tells IHACPA what they think of AN-ACC cost collection

The Independent Health and Aged Care Pricing Authority (IHACPA) has released a 46-page report outlining the feedback received from the sector in the latest round of consultations on their pricing methodology. IHACPA received submissions from...

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Caroline Egan

Funding

Aspen Group raises $70M, launches bid for additional $4M in capital raise

The ASX-listed affordable accommodation provider – known for owning all its properties and projects – announced a Security Purchase Plan (SPP) on Wednesday (28 May), offering existing investors the opportunity to acquire up to $30,000 in Aspen securities without incurring broker fees, commissions, or other transaction costs.

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Ian Horswill

Funding

Aspen touts 20% return on invested capital at property investor event

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Lauren Broomham

Funding

Mareeba Community Housing Co granted extension to management of Community Housing for Seniors

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Ian Horswill

Funding

Macquarie Bank reduces its substantial stake in Ingenia Communities

The global financial services group has continued to reduce its stake in the owner/operator of land lease and rental communities and holiday parks. Macquarie Bank had a significant voting power of 10.92% in April last year, but the substantial...

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Ian Horswill

Sector Moves/People

John Innes departs club/retirement living JV group Pariter with Tom Roche assuming CEO position

After five years establishing Pariter and creating a pipeline of joint ventures with community and golf clubs, John Innes has handed the CEO role to Tom Roche. John Innes Tom has led numerous large real estate and infrastructure transactions for...

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Ian Horswill

Funding

GemLife’s owners look at becoming a public company for second time

Adrian Puljich and Singapore’s Thakral Corporation have reached out to JPMorgan and Morgan Stanley to set up introductory meetings with listed equities investors to see if there is sufficient interest in an Initial Public Offering for GemLife...

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Ian Horswill

Funding

David Di Pilla sells substantial part of his 8% stake in Ingenia Communities

The HMC Capital Managing Director has sold down its stake as it raised $150 million to its balance sheet as it prepares to buy Brookfield Asset Management’s Healthscope, the second largest operator of private hospitals in Australia. David Di Pill...

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Ian Horswill

Government Policy

$300M first round of Support at Home Thin Market Grants opens

This week Aged Care Minister Anika Wells announced the Support at Home Thin Markets Grant is open, with Home Care Package and Short-Term Restorative Care providers in outer regional, rural and remote areas or providers delivering care in specialised markets able to apply.

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Caroline Egan

News & Headlines

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Home Care

Mable denies AFR report the care platform is up for sale

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Caroline Egan

Home Care

Home Care Package waiting list climbs to 88,000 with data three months out of date

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Caroline Egan

Out of the Ordinary

Embedded electrical networks generate real sales advantages

With power prices rising and buyer expectations higher than ever; embedded electrical networks do not only streamline operations but they are the ”three words” today’s customers are wanting. Prospecta Utilities says rolling out embedded...

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Ian Horswill

News & Headlines

Resident dies after suspected gas explosion at land lease community in NSW Northern Rivers

An 85-year-old man has died after being badly burned in a fire that erupted in his land lease community home in Kingscliff, just south of Tweed Heads in the NSW Northern Rivers region, on Monday, 7 July. He suffered severe burns to 50% of his body...

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Ian Horswill

In the Headlines

Land lease operator GemLife launches on the ASX in the year’s biggest IPO

In just nine years, 37-year-old Adrian Puljich marked a huge milestone – celebrating with his family, residents, staff, the new board, legal teams and The Weekly SOURCE as he launched his business on the Australian Stock Exchange. “What...

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Ian Horswill

Technology

Health Metrics acquired by US private equity firm Accel-KKR

“We’ve delivered strong growth under Tanarra’s guidance, and I believe Accel-KKR will help take that to the next level,” Paul told The Weekly SOURCE

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Caroline Egan

Aged Care

Pacific Equity Partners finalises 50% stake in Opal HealthCare

On 30 May 2025, Pacific Equity Partners (PEP), one of Australia’s oldest and most successful private equity firms, finalised its acquisition of a 50% stake in Opal HealthCare – Australia’s largest residential aged care provider – after securing shareholder and regulatory approvals.

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Caroline Egan

Health

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Sector Moves & People

Former Newcastle Lord Mayor and prominent developer Jeff McCloy dies aged 75

The builder behind Newcastle’s John Hunter Hospital and several major retirement village projects has been remembered for his vision and love of the Hunter Region. He passed away, surrounded by family and friends on Queensland’s Gold Coast, at 1pm...

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Ian Horswill

Aged Care

Aged care COVID-19 cases hit 12-month high as 34 die in one week

As winter conditions settle in, the number of aged care staff and residents who contracted COVID-19 in the last week increased 14% to more than 2,000, with outbreaks in 268 homes.

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Caroline Egan

Aged Care

COVID-19 hits one in 10 aged care homes

As winter sets in, 252 aged care homes experienced a COVID-19 outbreak in the week to 12 June 2025, nearly 10% of all homes, as nearly 1,800 aged care staff and residents tested positive to the virus.

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Caroline Egan

Technology

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Government Policy

Consultant Liquid Interactive earns nearly $30,000 per day to operate and update My Aged Care for reforms

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Caroline Egan

Home Care

Mable denies AFR report the care platform is up for sale

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Caroline Egan

Technology

ASX-listed InteliCare begins AI care platform trial at mecwacare home in Melbourne

ASX-listed health tech provider InteliCare has begun a three-month trial of its AI-driven care platform at Not For Profit Over 65s operator mecwacare’s residential aged care home Trescowthick Centre in Prahran, in inner-city Melbourne.

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Caroline Egan

Technology

Govt’s IT systems might not be ready by 1 November: reports

The Saturday Paper reported last week that the Department of Health, Disability and Ageing’s IT overhaul, intended to underpin aged care reforms coming in on 1 November, is behind schedule and may not be completed until April next year. The 2024-25...

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Caroline Egan

Mergers & Acquisitions

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Mergers & Acquisitions

Levande marks seventh retirement village site acquisition in two years

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Ian Horswill

Mergers & Acquisitions

RAAFA WA buys fully occupied Alexandra Village in Perth’s south

The Not For Profit provider of retirement living, in-home care and residential aged care has added the village’s 35 over-55s, occupied two- and three-bedroom independent living homes to its portfolio.

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Ian Horswill

Home Care

Not For Profit takes over management of Council-run home care services in Far North QLD

Queensland Not For Profit health services provider selectability officially took over management of Aurukun home care services this week, with an event held to mark the occasion in the remote community in Far North Queensland’s Cape York Peninsul...

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Caroline Egan

Mergers & Acquisitions

Melbourne’s Latvian Community aged care facility transferred to Uniting AgeWell

Uniting AgeWell now has 21 aged care facilities – 13 in Victoria and 8 in Tasmani

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Caroline Egan

Mergers & Acquisitions

Home care provider Kinyara Health expands into SA with Accept Care acquisition

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Caroline Egan

Mergers & Acquisitions

Three years after $1B+ valuation, RetireAustralia faces $850M sale

Infratil and NZ Super put its jointly owned business RetireAustralia on the market in March 2022 with a reported price tag of over $1 billion. With its profits soring, the joint owners announced it was off the market in December 2023. In April last...

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Ian Horswill

Mergers & Acquisitions

Peter Inge and Mark Fay keep buying: Retirement village acquisition spree continues

IPLiving, the retirement village platform backed by investment business Palisade Impact, has added its fourth village with the acquisition of Rosebud Village – a 105-unit community on Victoria’s Mornington Peninsula, 61km south of Melbourne’s...

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Ian Horswill

Mergers & Acquisitions

“Aveo is a fantastic business, run by a fantastic management team”: Scape CEO Stephen Gaitanos backs landmark $3.85B acquisition

Scape Australia CEO Stephen Gaitanos has praised the leadership of retirement living operator Aveo, following its acquisition by The Living Company – Scape’s parent – for $3.85 billion, in what is now the largest direct real estate transaction...

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Ian Horswill

The Economy

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Government Policy

“Development pipeline across sector not going to be sufficient for ageing population”

“The development pipeline across the industry is not going to be sufficient for the ageing population,” Tony told the Property Council

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Ian Horswill

Aged Care

Opinion: the next aged care crisis is here

Read more about Australia’s ‘true’ occupancy rate – and the consolidation taking place in the residential care sector in SATURDAY – subscribe here

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Lauren Broomham

Development

Only in SATURDAY – the real reason aged care beds are hard to find

The Department of Health and Aged Care puts occupancy at 86.2%. Our investigations differ To find out why, subscribe to our premium digital magazine SATURDAY HERE

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Caroline Egan

Home Care

Fiji PM hints at reducing PALM worker numbers

The Prime Minister of Fiji, Sitiveni Rabuka, has indicated that the number of unskilled or semi-skilled workers that come to Australia through the Pacific Australia Labour Mobility (PALM) scheme could be cut, which could limit an important source of...

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Caroline Egan

Community Living

New Zealand needs more retirement villages to meet the demand

A new report by real estate firm JLL on the sector across the Tasman Sea has found demand for places is outstripping supply. A total of 36 new villages were added to the development pipeline last year with 452 villages currently providing homes for...

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Ian Horswill

The Weekly SOURCE

Will retirement living operators heed the call in Western Australia?

The state government has said it seeks to collaborate with the property and construction industry to “increase the supply and diversity of social housing”. The Department of Communities states it is particularly interested in submissions that...

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Ian Horswill

Aged Care

IHACPA releases Consultation Paper for aged care funding in 2024–25

The Independent Hospital and Aged Care Pricing Authority (IHACPA) has released its Consultation Paper on the Pricing Framework for Australian Residential Aged Care Services 2024–25 and asking for submissions from relevant stakeholders. The report...

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Caroline Egan

The Economy

ONLY IN SATURDAY: Aveo Group CEO on making serviced apartments profitable

Serviced apartments, or assisted living options in retirement villages, have been a challenge for the retirement living sector. Ageing village serviced apartments with relatively high weekly fees to cover the mandated meals and other services are...

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Caroline Egan

DCM Research

DCM Institute survey: How long Village Managers think they will stay in the role

The DCM Institute survey of 186 retirement village and community managers across Australia asked how long Village Managers intend to stay in the role and why they intend to leave. The survey found that 78% of Village Managers were generally...

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Section Editor

Topic - Aged Care

Anglicare Sydney pledges to reimburse study debt after one year’s service

Anglicare Sydney has launched a new program to support nurses – it will pay off student debt for employee nurses after one year of study. The new program already has more than 100 interested trainee nurses. Anglicare Sydney’s Chief Executive...

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Section Editor

Topic - Aged Care

Even with 15% pay rise, aged care staff are still earning less than their public hospital colleagues

Even after the 15% pay rise, entry level Registered Nurses working in aged care on the Award will still be earning 17% less than their public hospital counterparts. Data provided by the Australian Nursing & Midwifery Federation (ANMF) shows that...

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Section Editor

Topic - Aged Care

15% wage rise won’t deliver financial sustainability to aged care sector: StewartBrown

The aged care accounting firm has released its analysis of the Government’s funding for a 15% wage increase for aged care workers in the Budget – concluding that the extra funding will fail to deliver the financial sustainability that the sector...

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Section Editor

International

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International

Macquarie to launch $5B senior housing platform - in the US

Sydney-based Macquarie Asset Management is launching a dedicated senior hiousing platform across the Pacific Ocean. It has linked with Chicage-based Health Wave Partners, a boutique investment firm specialising in high-quality senior housing across...

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Ian Horswill

International

NZ retirement villages take more than 20 years to turn a profit: Grant Thornton

Retirement villages in New Zealand can take more than two decades to become profitable, according to a new study from auditor and advisory firm Grant Thornton. The report, The Path to Profitability, found the average retirement village reaches...

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Ian Horswill

Government Policy

UK aged care faces crisis as immigration rules tighten

If you thought Australia’s aged care sector was doing it tough, spare a thought for our UK counterparts.

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Lauren Broomham

International

New York State Attorney General sues land lease operator over water so polluted residents have to boil it

New York Attorney General Letitia James last Thursday filed a lawsuit against River Valley Estates, LLC (River Valley), a mobile home park in Sullivan County, and its operators, George Levin and Gayla Sue Levin, for years of failing to maintain...

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Ian Horswill

International

EQT’s Metlifecare increases retirement village portfolio by 50% in 3.5 years

Since leaving the New Zealand stock exchange in 2020 when Swedish private equity firm EQT took over the business, the Auckland-based operator has been transformed by its five-year Full Potential Plan initiated in 2021. “We really have gone through...

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Ian Horswill

International

Promotional video for a senior living resort has 6.4M views – shame it’s not in Australia

Said to be Malaysia’s first purpose-built senior living resort, Millennia Village in Seremban, approximately an hour drive from Kuala Lumpur, is on a13ha site. It is the brainchild of John Chia, Chairman and Managing Director of semiconductor...

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Ian Horswill

Development

Building of retirement villages in New Zealand falls to six-year low as costs hits record high

Only 350 retirement village units were approved across the Tasman Sea in the second quarter of 2024, according to interest. co. nz, which represents a fall of 31% on two years ago. At the same time the average build cost per retirement village unit...

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Ian Horswill

International

Various payment systems at top four UK retirement villages

Research from online care platform Lottie reveals the country’s most popular retirement villages and the difference in how residents Over 55 pay to live in them. Retirement living is not cheap in England with the average price to buy in of nearly...

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Ian Horswill