Government Policy Three new aged care Quality Indicators to commence from April 2025 From 1 April 2025, every quarter, aged care providers will have to report on 14 Quality Indicators (QIs) for every aged care resident, up from the 11 QIs reported currently. Click here Caroline Egan 14 Oct 2024
Sector Moves & People Social services bureaucrat Natalie Siegel-Brown appointed Inspector-General of Aged Care Natalie Siegel-Brown has been appointed Inspector-General of Aged Care (IGAC), replacing Ian Yates AM, who has been Acting in the role. Most recently, Siegel-Brown was Commissioner of Social Policy with the Productivity Commission. Click here Caroline Egan 16 Oct 2024
Government Policy Increase grants for thin markets, concern about Support at Home price controls: the latest from the Aged Care Bill Senate Inquiry The Senate Inquiry into the new Aged Care Bill 2024 has continued to hold hearings across the country including Brisbane (QLD), Port Lincoln (SA), and Newcastle (NSW) in the past week, with the Committee sitting in Melbourne today. So, what have providers had to tell the Committee members? Click here Caroline Egan 17 Oct 2024
Aged Care One in seven aged care providers not confident they will be delivering care in three years: ACCPA State of the Sector The inaugural State of the Sector report by the peak body for aged care providers, Aged and Community Care Providers’ Association (ACCPA), released on Wednesday, shows that 17% of aged care providers were ‘not at all’ optimistic about their ability to provide aged care services by 2027. Click here Caroline Egan 17 Oct 2024
Government Policy In the latest issue of SATURDAY: Why LDK Seniors’ Living CEO Byron Cannon likes the new Aged Care Bill Why does Byron Cannon, CEO LDK Seniors’ Living, see the aged care reforms as a “big opportunity” for retirement villages? Watch our interview with Byron in SATURDAY, our fortnightly digital magazine. Subscribe for only $250 for 12 months Click here Caroline Egan 17 Oct 2024
Living with Dementia Community Home Australia reveals how costs are covered as its Bali dementia resort sees first overseas guests Aashaya Jasri Resort, the Bali accommodation of innovative dementia and disability support specialists Community Home Australia (CHA), has welcomed its first guests, including two with younger onset dementia. “We also welcomed Ashlee from Melbourne... Click here Caroline Egan 17 Oct 2024
Opinion Welcome to the ‘grey ghetto era’: no capital, no beds, no care With an estimated $12.5 billion required to build the 40,000 new aged care beds needed in the next five years, the reality is: it’s just not going to happen. This week, we have been tuning into the public hearings for the Senate Inquiry into the... Click here Lauren Broomham 17 Oct 2024
WEEKLY SOURCE The Weekly SOURCE Subscribe to The Weekly SOURCE Complete the below form to subscribe to our newsletters Click here Group Editor 05 May 2023
Out of the Ordinary $1 for a site in inner-city Sydney – just design, build and operate an aged care home The City of Sydney is looking for a Not For Profit aged care provider to design, build and operate a residential aged care home for the local community on its 1,925sqm site at 49 Cope Street, Redfern, which is currently being used as a 55-place car... Click here Caroline Egan 17 Oct 2024
Sector Moves & People Bryan Dorman to retire 30 years after founding Australia’s only remaining ASX-listed provider Regis Aged Care Bryan Dorman, who founded Regis Aged Care with Ian Roberts in the regional NSW town of Mildura in 1992, has announced he will retire from his role as Non-Executive Director, effective 26 November 2024, when the company holds its Annual General... Click here Caroline Egan 17 Oct 2024
Home Care BESTMED launches purpose-built medication management for home care BESTMED for Home Care will be available for demonstration at the ACCPA National Conference being held in Adelaide on 23-25 October. Home Care providers can register their interest here Click here Caroline Egan 17 Oct 2024
Technology Perth home care and veterans services provider TPG Aged Care’s systems hacked In 2020, Anglicare was also hit by a ransomware attack, as was UnitingCare Queensland in 2021 Click here Caroline Egan 17 Oct 2024
Opinion Complacency comes at a cost for the retirement village sector In the early 80s I was employed at a Sydney advertising agency. We had many smart clients but one in particular stood out: BP. The ABC 7.30 negative events of the past few weeks tell me that the retirement village sector (and the aged care sector)... Click here Chris Baynes
Community Living ABC 7.30 journalist interrupted RLC Executive Director Daniel Gannon 78 times Across the retirement village sector operators and residents are overwhelmingly responding angrily to the ABC’s recent TV, online and social media campaign citing an extreme lack of balance. The negative theme was apparent in the title Retirement... Click here Ian Horswill
Community Living ABC 7.30 report on Pinnacle Living see staff receive counselling after receiving abusive calls and hate mail The fallout from the ABC 7.30 one-sided reports has seen staff from villages featured subjected to emotional abuse and hatred from anonymous callers. Geoffrey Reeve, CEO of Pinnacle Living, said the business offered mental health support to all... Click here Ian Horswill
Sector Moves & People Lifestyle Communities Co-Founder and Managing Director James Kelly to retire James, who co-founded the Victoria-based land lease communities business 21 years ago, on Monday said he would retire on 31 December. Under his leadership - James has served as Lifestyle Communities’ Managing Director since the company’s listing on... Click here Ian Horswill
Mergers & Acquisitions Elka Capital and Assembly Funds Management, backed by the Lowy Family, acquire two land lease communities in Victoria The new entrants to the sector plan to develop over 10 land lease communities and 2,000 homes along Australia’s east coast. As we reported here, Elka Capital is the creation of David Laing and Tom McDonald. Elka Capital Co-Founder David Laing... Click here Ian Horswill
Development Stuart and Lorraine Murray to build their first retirement village and aged care facility in Gladstone, QLD Over the past 20 years the family business has been constructing residential, multi-residential and industrial sites. “We pride ourselves on delivering projects which meet a community or social need,” said Stuart. Many people in Gladstone... Click here Ian Horswill
Development Retirement village operator Aveo tops out latest stage of $334M Bella Vista Haven masterplanned community in Sydney’s Hills District and receives greenlight for next stage The topping out of its second 10-storey building in the group’s master-planned Bella Vista Haven retirement living community in Greater Sydney’s Hills Shire took place as Hills Shire Council approved the next stages of development. The... Click here Ian Horswill
Opinion Welcome to the ‘grey ghetto era’: no capital, no beds, no care With an estimated $12.5 billion required to build the 40,000 new aged care beds needed in the next five years, the reality is: it’s just not going to happen. This week, we have been tuning into the public hearings for the Senate Inquiry into the... Click here Lauren Broomham 17 Oct 2024
Government Policy Three new aged care Quality Indicators to commence from April 2025 From 1 April 2025, every quarter, aged care providers will have to report on 14 Quality Indicators (QIs) for every aged care resident, up from the 11 QIs reported currently. Click here Caroline Egan 14 Oct 2024
Government Policy Increase grants for thin markets, concern about Support at Home price controls: the latest from the Aged Care Bill Senate Inquiry The Senate Inquiry into the new Aged Care Bill 2024 has continued to hold hearings across the country including Brisbane (QLD), Port Lincoln (SA), and Newcastle (NSW) in the past week, with the Committee sitting in Melbourne today. So, what have providers had to tell the Committee members? Click here Caroline Egan 17 Oct 2024
Sector Moves & People Social services bureaucrat Natalie Siegel-Brown appointed Inspector-General of Aged Care Natalie Siegel-Brown has been appointed Inspector-General of Aged Care (IGAC), replacing Ian Yates AM, who has been Acting in the role. Most recently, Siegel-Brown was Commissioner of Social Policy with the Productivity Commission. Click here Caroline Egan 16 Oct 2024
Aged Care One in seven aged care providers not confident they will be delivering care in three years: ACCPA State of the Sector The inaugural State of the Sector report by the peak body for aged care providers, Aged and Community Care Providers’ Association (ACCPA), released on Wednesday, shows that 17% of aged care providers were ‘not at all’ optimistic about their ability to provide aged care services by 2027. Click here Caroline Egan 17 Oct 2024
Living with Dementia Community Home Australia reveals how costs are covered as its Bali dementia resort sees first overseas guests Aashaya Jasri Resort, the Bali accommodation of innovative dementia and disability support specialists Community Home Australia (CHA), has welcomed its first guests, including two with younger onset dementia. “We also welcomed Ashlee from Melbourne... Click here Caroline Egan 17 Oct 2024
Out of the Ordinary $1 for a site in inner-city Sydney – just design, build and operate an aged care home The City of Sydney is looking for a Not For Profit aged care provider to design, build and operate a residential aged care home for the local community on its 1,925sqm site at 49 Cope Street, Redfern, which is currently being used as a 55-place car... Click here Caroline Egan 17 Oct 2024
Sector Moves & People Bryan Dorman to retire 30 years after founding Australia’s only remaining ASX-listed provider Regis Aged Care Bryan Dorman, who founded Regis Aged Care with Ian Roberts in the regional NSW town of Mildura in 1992, has announced he will retire from his role as Non-Executive Director, effective 26 November 2024, when the company holds its Annual General... Click here Caroline Egan 17 Oct 2024
Government Policy In the latest issue of SATURDAY: Why LDK Seniors’ Living CEO Byron Cannon likes the new Aged Care Bill Why does Byron Cannon, CEO LDK Seniors’ Living, see the aged care reforms as a “big opportunity” for retirement villages? Watch our interview with Byron in SATURDAY, our fortnightly digital magazine. Subscribe for only $250 for 12 months Click here Caroline Egan 17 Oct 2024
Sector Moves & People Social services bureaucrat Natalie Siegel-Brown appointed Inspector-General of Aged Care Natalie Siegel-Brown has been appointed Inspector-General of Aged Care (IGAC), replacing Ian Yates AM, who has been Acting in the role. Most recently, Siegel-Brown was Commissioner of Social Policy with the Productivity Commission. Click here Caroline Egan 16 Oct 2024
Aged Care One in seven aged care providers not confident they will be delivering care in three years: ACCPA State of the Sector The inaugural State of the Sector report by the peak body for aged care providers, Aged and Community Care Providers’ Association (ACCPA), released on Wednesday, shows that 17% of aged care providers were ‘not at all’ optimistic about their ability to provide aged care services by 2027. Click here Caroline Egan 17 Oct 2024
Government Policy Increase grants for thin markets, concern about Support at Home price controls: the latest from the Aged Care Bill Senate Inquiry The Senate Inquiry into the new Aged Care Bill 2024 has continued to hold hearings across the country including Brisbane (QLD), Port Lincoln (SA), and Newcastle (NSW) in the past week, with the Committee sitting in Melbourne today. So, what have providers had to tell the Committee members? Click here Caroline Egan 17 Oct 2024
DIGITAL EDITION Saturday Issue 86 | The Landings: the private aged care success story Lauren Broomham 11 Oct 2024
DIGITAL EDITION Saturday Issue 84 | Care on demand: the new village value proposition Lauren Broomham 13 Sep 2024
DIGITAL EDITION Saturday Issue 83 | Aged care: no mission without Taskforce certainty Lauren Broomham 30 Aug 2024
Partnering With Westpac VIDEO: ‘Retirement village operators are having to provide at least low care’ The latest Westpac Leading Conversations at the Wharf in Brisbane featured Sean Graham, CEO of Aura Holdings; Jason Eldering, CEO of Southern Cross Care Queensland; Daniel Aitchison (pictured right), CEO of Palm Lake Care; Kaizaad Mehta, National... Click here Ian Horswill
Partnering With Westpac VIDEO: “We need a low care model”: Jason Eldering, Southern Cross Care Queensland CEO The latest Westpac Leading Conversations at the Wharf in Brisbane featured Sean Graham, CEO of Aura Holdings; Jason Eldering, CEO of Southern Cross Care Queensland; Dan Aitchison, CEO of Palm Lake Care; Kaizaad Mehta, National Head of Health... Click here Ian Horswill
Community Living Westpac Conversations in Melbourne: The core proposition of retirement living in five years’ time Four leaders of the retirement living sector spoke about its future with DCM Group CEO Chris Baynes and Content Editor Ian Horswill at a Westpac Conversations in Melbourne luncheon. Anne McCormack, who was appointed Chief Exectuvie of mecwacare in... Click here Ian Horswill
Community Living Westpac Conversations in Melbourne: Four leaders reflect on Care in Retirement Living Derek McMillan, Centennial Living Managing Director; Peter Nilsson, Chief Operating Officer, The Village Glen; and Anne McCormack, Chief Executive Officer, mecwacare, are in charge of the running of three retirement village businesses that are... Click here Ian Horswill
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... Click here 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... Click here 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... Click here Lauren Broomham
DIGITAL EDITION SATURDAY Issue 69 Hospitals are out, home is in: designing aged care when dementia is the norm, not the exception 80% of aged care residents are now living with some form of dementia or cognitive impairment – the pressure is on providers to deliver both a ‘home’ and a safe environment for residents and staff. Today’s aged care homes are seeing an... Click here Lauren Broomham
Redevelopments Rebuilt BaptistCare Caloola in Wagga Wagga, NSW, expected to fill 80 aged care beds in eight months The $30 million rebuild of BaptistCare Caloola, located in Wagga Wagga 450km southwest of Sydney, accepted its first residents in April and already 72 of the home’s 80 beds are full. A spokesperson from Not For Profit BaptistCare told The SOURCE... Click here Caroline Egan
Development Retirement village operator Aveo tops out latest stage of $334M Bella Vista Haven masterplanned community in Sydney’s Hills District and receives greenlight for next stage The topping out of its second 10-storey building in the group’s master-planned Bella Vista Haven retirement living community in Greater Sydney’s Hills Shire took place as Hills Shire Council approved the next stages of development. The... Click here Ian Horswill
Development Jonathon Steggles Mendez’s VivaCity becoming a player in the over 50s land lease communities market in NSW With its first land lease community Tallowood Meadowie capable of having 216 brick veneer homes on a 20ha site, the Sydney-based business now has four further projects. It is the owner of the Oasis Caravan Park in Kanwal, NSW Central Coast, which... Click here Ian Horswill
Development Site of former orphanage chapel in Brisbane proposed to be a huge new retirement village Urban planners Mecone has lodged a development application with Brisbane City Council to start the building of a huge retirement village in Nundah, 8.9km north-northeast of Brisbane’s CBD. Designed by retirement village specialists O’Neill... Click here Ian Horswill
Government Policy Three new aged care Quality Indicators to commence from April 2025 From 1 April 2025, every quarter, aged care providers will have to report on 14 Quality Indicators (QIs) for every aged care resident, up from the 11 QIs reported currently. Click here Caroline Egan
Out of the Ordinary $1 for a site in inner-city Sydney – just design, build and operate an aged care home The City of Sydney is looking for a Not For Profit aged care provider to design, build and operate a residential aged care home for the local community on its 1,925sqm site at 49 Cope Street, Redfern, which is currently being used as a 55-place car... Click here Caroline Egan
Government Policy Increase grants for thin markets, concern about Support at Home price controls: the latest from the Aged Care Bill Senate Inquiry The Senate Inquiry into the new Aged Care Bill 2024 has continued to hold hearings across the country including Brisbane (QLD), Port Lincoln (SA), and Newcastle (NSW) in the past week, with the Committee sitting in Melbourne today. So, what have providers had to tell the Committee members? Click here Caroline Egan
Government Policy In the latest issue of SATURDAY: Why LDK Seniors’ Living CEO Byron Cannon likes the new Aged Care Bill Why does Byron Cannon, CEO LDK Seniors’ Living, see the aged care reforms as a “big opportunity” for retirement villages? Watch our interview with Byron in SATURDAY, our fortnightly digital magazine. Subscribe for only $250 for 12 months Click here Caroline Egan
Aged Care NSW spends $31M for Hospital in the Home in Southwestern Sydney The NSW Government has announced it will invest $31.4 million to expand the capacity of the Hospital in the Home program (HITH) in two of the nation’s busiest hospitals – Liverpool and Campbelltown Hospitals. The expansion of HITH will relieve... Click here Caroline Egan
Government Policy NSW Govt spends $415K improving the safety of MPS workers in remote northwest The Minns NSW Government will invest $245,000 to improve security at the Brewarrina and Lightning Ridge Multipurpose Services (MPS)s, funding CCTV, improved fencing and external lighting in and around worker accommodation, in a bid to help attract... Click here Caroline Egan
Government Policy 200 patients still lying in SA hospitals waiting for aged care beds It would take two large aged care homes to house all the older patients in South Australian hospitals ready to be discharged, but waiting to be offered an aged care bed. The Peter Malinauskas Labor Government’s promise to build more than 600 new... Click here Caroline Egan
Development NSW Govt appoints Taylor Construction to build a new $34M Multipurpose Service in Blayney, west of Sydney The new facility will be built on the existing Multipurpose Services site in Blayney, 240km west of Sydney’s CBD, providing a one-stop hub for services in a new purpose-built facility. The redevelopment will include a new residential aged care wing... Click here Caroline Egan
Aged Care New care minute targets out of reach of aged care providers: ACCPA The “ongoing workforce crisis will hamper the ability of some providers to reach increased [care minute] targets”, Roald Versteeg, ACCPA General Manager Policy and Advocacy, has told The SOURCE. Providers “face chronic workforce shortages and... Click here Caroline Egan
Housing News Lendlease partners with Japanese for a $500M Build to Rent development in Melbourne The ASX-listed property group announced it has struck a deal with Nippon Steel Kowa Real Estate to deliver a new $500 million, 499-unit tower in Melbourne’s Docklands that is due to be completed in early 2026. Lendlease will develop, build and act... Click here Ian Horswill
Housing RAAFA WA open accommodation and much-needed assistance to veterans thanks to Hancock Prospecting Sir Valston Hancock House in South Perth was officially opened with the WA Governor Chris Dawson and Darrilyn Dawson in attendence on Friday. With generous support from Gina Rinehart AO and Hancock Prospecting, Sir Valston Hancock House is a joint... Click here Ian Horswill
Housing RSL LifeCare and RSL NSW’s commitment to veterans clear to see In an exceptional show of commitment, RSL LifeCare, in partnership with RSL NSW and the generosity of local sub- Branches, has set new records in supporting veterans and their families, including the delivery of health, housing, employment... Click here Ian Horswill
Rebuilds UnitingSA behind $25M plan for housing for women aged over 55 in Adelaide A 2,950sqm site with outdated social housing buildings in Bowden, 2km northwest of Adelaide’s CBD, will be demolished for a new $25 million development primarily for housing women over 55 facing homelessness. Uniting SA is seeking planning approval... Click here Ian Horswill
Development Queensland’s biggest social housing project includes two-bedroom homes for people over 55 FCC Construction Australia and Modscape have begun the building of 490 purpose-built one- and two-bedroom homes including 245 social housing apartments, 223 affordable homes, and 22 specialist disability accommodation apartments, in Woree, a suburb... Click here Ian Horswill
Government Policy Guidance on Strengthened Aged Care Quality Standards will be released by year’s end The Aged Care Quality and Safety Commission has released its findings from consultation on the guidance documents for the Strengthened Aged Care Quality Standards. Click here Caroline Egan
Housing “Age in place” homes to be built in Whitlam in the ACT Housing ACT Growing and Renewing Public Housing Program has announced 25 two-, three-and four-bedroom homes will be built in Whitlam, a suburb in the Molonglo Valley. The townhouses will all be Class C adaptable, which means they are suitable for... Click here Ian Horswill
Awards The Salvation Army’s Affordable Housing Complex in Chermside, Brisbane, wins Property Council State/Territory Development of the Year award Built by Total Construction with architects DC8Studio, the three storey, 26 two- and three-bedroom unit Affordable Housing Complex now goes into the Property Council’s National Innovation & Excellence Awards in Sydney next month. Mainly funded... Click here Ian Horswill
Housing Churches of Christ Housing Services in $23.1M joint venture for seniors housing on QLD’s Sunshine Coast Funded in partnership with the Queensland Government, the 40 units at Little Mountain, a suburb of Caloundra in the Sunshine Coast Region, are designed to gold and platinum Liveable Housing Australia design guidelines to meet the changing needs of... Click here Ian Horswill
Housing News Bethanie Housing has approval to build affordable houses for seniors in Dalyellup, WA 32 one-bedroom and 18 two-bedroom apartments will be provided as affordable housing after the Shire of Capel approved the development application. “This is a significant step towards providing much-needed affordable housing for seniors in the... Click here Ian Horswill
Awards Fresh Hope Communities’ Nightingale Marrickville wins Urban Taskforce Australia’s 2024 Best Affordable Development It had a tricky birth but the accolades for the affordable housing project by the Not for Profit and Nightingale Housing keep on coming. It was awarded Best Affordable Development in the Urban Taskforce Australia Awards on Saturday, which follows... Click here Ian Horswill
Development NSW Central Coast caravan park bids to be transformed into 675-unit affordable housing and seniors independent living Oasis Caratel Caravan Park in Kanwal, on Tuggerah Lake and 105km north-northeast of Sydney’s CBD, was selected by the NSW Government for accelerated rezoning. It has a total land area of 53,910sqm is zoned residential with apartment buildings and... Click here Ian Horswill
Opinion Welcome to the ‘grey ghetto era’: no capital, no beds, no care With an estimated $12.5 billion required to build the 40,000 new aged care beds needed in the next five years, the reality is: it’s just not going to happen. This week, we have been tuning into the public hearings for the Senate Inquiry into the... Click here Lauren Broomham
Opinion Complacency comes at a cost for the retirement village sector In the early 80s I was employed at a Sydney advertising agency. We had many smart clients but one in particular stood out: BP. The ABC 7.30 negative events of the past few weeks tell me that the retirement village sector (and the aged care sector)... Click here Chris Baynes
Opinion Survival of the efficient: the new battleground for home care providers The team at DCM Group attended the first leg of StewartBrown’s annual Aged Care Finance Forum in Sydney yesterday. Our key takeaway from the information presented to the crowd of more than 130? Home care operators are facing a fresh battle for... Click here Lauren Broomham
Opinion ABC’s brutal lack of balance by omission There is no doubt the two broadcasts on the ABC’s 7..30 program and media posts will, as it appears intended, hurt the retirement living sector, particularly the owners’ featured. There is close to a total lack of balance in The SOURCE’s view, as echoed by the NSW, ACT and QLD residents associations Click here Ian Horswill
Opinion Aged Care Minister’s stark warning to operators With the residential aged care sector moving to 215 mandated minutes of care on Tuesday, there are signs compliance around the requirements is tightening and this will hit operators where it hurts the most. Minister for Aged Care, Anika Wells... Click here Lauren Broomham
Government Policy 200 patients still lying in SA hospitals waiting for aged care beds It would take two large aged care homes to house all the older patients in South Australian hospitals ready to be discharged, but waiting to be offered an aged care bed. The Peter Malinauskas Labor Government’s promise to build more than 600 new... Click here Caroline Egan
Government Policy Hourly updates on Senate Inquiry into the Aged Care Bill 2024 in Canberra today The Senate Inquiry into the Aged Care Bill 2024 will hold eight hearings around the country this month, with the Inquiry expected to be wrapped up by the end of the year. Acting Inspector-General of Aged Care Ian Yates is the first to appear before the inquiry in Canberra on 3 October 2024. Click here Caroline Egan
Government Policy Inspector-General: aged care reforms do not meet Royal Commission’s expectations In its Senate Inquiry into the Aged Care Bill 2024 submission, the Office of the Inspector-General of Aged Care (OIGAC), which is led by long-time industry expert Ian Yates AM, has restated its position that Australia should be moving towards... Click here Caroline Egan
Government Policy DoHAC responds to claims of shortfall in Hotelling Supplement This week, we reported that StewartBrown’s analysis of the Federal Government’s aged care reforms showed the Hotelling Supplement may require an additional $7 per bed per day to “fully meet” the actual cost of delivering hotelling services. Click here Caroline Egan
Aged Care Fed Govt pledges $900M for aged care services in thin markets Aged Care Minister Anika Wells has announced a $900 million support package for aged care providers operating in thin markets, as part of the Federal Government’s $5.6 billion aged care reforms announced on 12 September. The Government will invest... Click here Caroline Egan
Opinion Optimism 2.0: only three years until billions in new cash flows into aged care Analysis of the Australian Government’s aged care reforms has forecast the residential aged care sector can expect at least $2-plus billion a year in additional funding in three years’ time. Will it be enough to incentivise new beds? As we... Click here Lauren Broomham
Aged Care StewartBrown modelling on residential aged care reforms: “It’s a good start” Aged care accountancy specialists StewartBrown have provided modelling to show how the Government’s proposed aged care funding reforms will impact the sector’s financial sustainability. “It’s a good start,“ Grant Corderoy, Senior Partner... Click here Caroline Egan
Funding Only in SATURDAY: aged care reforms are an evolution and not a revolution The Government’s aged care reforms mark the beginning of a shift in the mindset of the community towards paying for what has been traditionally a majority taxpayer-funded service. How will providers adapt to this marketing opportunity? To find out... Click here Caroline Egan
Government Policy The sector speaks to The SOURCE video: Russell Bricknell, Juniper CEO Russell Bricknell, Juniper Care CEO, tells Lauren Broomham, Editor of The Weekly SOURCE, the Government’s funding model adjustments give the sector future certainty, and shares his thoughts on the proposed reforms. For more, subscribe to The SOURCE... Click here Caroline Egan
Government Policy The sector speaks to The SOURCE video: Prue Bowden, Group CEO – Home Health at Australian Unity Prue Bowden, CEO Home Health at Australian Unity, speaks to DCM Group’s Lauren Broomham, editor of The SOURCE, gives her insights into the Government’s aged care reform package and its potential to improve care for older Australians. Click here Caroline Egan
Government Policy The sector speaks to The SOURCE video: Byron Cannon, CEO of LDK Seniors’ Living In a video interview Byron Cannon, LDK Seniors Living CEO, talks to The SOURCE Editor Lauren Broomham about what the Australian Government’s aged care reforms and the response to the Aged Care Taskforce will mean for private aged care. To read more... Click here Caroline Egan
Aged Care 80% of residential aged care providers making a profit, according to Fed Govt The percentage of residential care providers reporting a positive EBITDA result increased to 80.2% as of 31 March 2024, up 11.7 percentage points from 31 March 2023 YTD, according to the Department of Health and Aged Care’s latest Quarterly Financial Snapshot (QFS) - Quarter 3 2023-24. Click here Caroline Egan
Out of the Ordinary $1 for a site in inner-city Sydney – just design, build and operate an aged care home The City of Sydney is looking for a Not For Profit aged care provider to design, build and operate a residential aged care home for the local community on its 1,925sqm site at 49 Cope Street, Redfern, which is currently being used as a 55-place car... Click here Caroline Egan
Out of the Ordinary How should retirement living operators be looking at the future? Find out at ACCPA’s National Conference The Aged and Community Care Providers Association (ACCPA) is putting key issues such as development, finance and strategy planning under the microscope at its upcoming Conference (23-25 October) in Adelaide. Session 3 of its Strategic Spotlight on... Click here Lauren Broomham
Out of the Ordinary In this issue of SATURDAY: How to turn a retirement village into private aged care Read how in an exclusive interview with LDK Seniors’ Living CEO Byron Cannon only in this issue of SATURDAY subscription magazine. Click here to subscribe Click here Ian Horswill
Out of the Ordinary Exclusive: Adrian Puljich to provide end of life care across all his Over 50s land lease community brands With his passion unbridled, Adrian has launched his own company as he is “expanding our understanding of the sector” and utilising the pioneering attitude that his father brought to revolutionising the land lease community sector. He said: “We are... Click here Ian Horswill
Out of the Ordinary In SATURDAY digital magazine: Retirement living operators winners in new Aged Care Act The new Aged Care Act is a blueprint for care in retirement villages and operators and residents stand to be the winners. Penelope Eden, Partner at law firm MinterEllison, and LDK Seniors’ Living CEO Byron Cannon explain why in the latest issue of... Click here Ian Horswill
Out of the Ordinary 10-year dream becomes reality as strata retirement living Grandton Applecross opens Grandton Roshana Care in Perth, WA If this becomes a template for other operators to follow, John Frame’s hopes will be complete. The former CFO at Baptistcare and Bethanie in WA was at the launch of Grandton Roshana Care in Applecross on Friday, 27 September, when Western Australi... Click here Ian Horswill
Mergers & Acquisitions Pacific Equity Partners reportedly bids for stake in Opal HealthCare The Australian Financial Review this week reported that infrastructure investor Pacific Equity Partners (PEP) has made a non-binding offer for Australia’s largest aged care provider, Opal HealthCare. Morgan Stanley has reportedly run a two-part... Click here Caroline Egan
Ageing Retirement by Moran provides empty Northern Beaches RAC to women in need – offers guidance to others on how The private operator is facing at least two years to redevelop its 90 bed RAC. It has worked out how to provide it as accommodation to women in need at no cost. An initiative led by Sally Taylor, Managing Director of Retirement by Moran, they bought... Click here Ian Horswill
Ageing SATURDAY subscription magazine: Phil Usher grows from zero to $600M in private aged care with Odyssey Lifestyle Care Communities The Weekly SOURCE on Tuesday, 6 August, revealed the sector innovator’s fourth private aged care community, operated under the Retirement Villages Act. Now Phil has given an exclusive interview to DCM Group editor Lauren Broomham where he reveals... Click here Ian Horswill
Health COVID-19 vaccinations double after Janet Anderson’s warning to boards of aged care operators More than half (51.5%) of aged care residents have received a COVID-19 vaccination in the last six months, after more than 23,000 residents received their shot in the month to 7 August, compared with only 12,000 for the month to 27 June, according... Click here Caroline Egan
Home Care BESTMED launches purpose-built medication management for home care BESTMED for Home Care will be available for demonstration at the ACCPA National Conference being held in Adelaide on 23-25 October. Home Care providers can register their interest here Click here Caroline Egan
Technology Perth home care and veterans services provider TPG Aged Care’s systems hacked In 2020, Anglicare was also hit by a ransomware attack, as was UnitingCare Queensland in 2021 Click here Caroline Egan
Sector Moves & People Altura Learning appoints Dr Roshmeen Azam as General Manager of Learning The business, which has been at the forefront of creating high-quality video courses for the care sector for over two decades, has appointed Roshmeen to lead its efforts in providing clinical leadership for national and overseas distributed learning... Click here Ian Horswill
Technology Not For Profit provider mecwacare taps Cognizant for digital transformation The Victorian multi-service charitable provider has contracted technology consultants Cognizant to modernise and integrate its fragmented IT systems, with the aim of improving the digital experience of workforce, clients, and families. Jane Livesey... Click here Caroline Egan
Mergers & Acquisitions Elka Capital and Assembly Funds Management, backed by the Lowy Family, acquire two land lease communities in Victoria The new entrants to the sector plan to develop over 10 land lease communities and 2,000 homes along Australia’s east coast. As we reported here, Elka Capital is the creation of David Laing and Tom McDonald. Elka Capital Co-Founder David Laing... Click here Ian Horswill
Development Perth-based Juniper’s Annesley Transition Care facility expected to fill within 10 days TCPs are an initiative of the Western Australian Government and provide short-term care for up to 12 weeks for those who need additional support at the end of a hospital stay following injury or illness. Residents receive around-the-clock care and... Click here Caroline Egan
Mergers & Acquisitions Uniting AgeWell’s vacant aged care home in Brighton, Melbourne, sells for $16.5M The empty 31-bed aged care home in one of Melbourne’s most affluent suburbs closed several years ago and the site of more than 6000sqm has been sold to a residential developer. With three street frontages, the site included a school and short-term... Click here Caroline Egan
Mergers & Acquisitions Local Not For Profit to reopen NSW Mid North Coast aged care home, two years after closure In August, we reported that Anglican Care was selling the vacant aged care home Click here Caroline Egan
Mergers & Acquisitions Churches of Christ QLD sells Gold Coast aged care home for teacher housing An elite Gold Coast school, The Southport School, has acquired Marana Gardens Aged Care, about 75km south of Brisbane, and has lodged plans with Gold Coast City Council to turn the buildings into rental accommodation, with priority intended for... Click here Caroline Egan
Mergers & Acquisitions Hall & Prior granted another extension to buy Kiama Council’s Blue Haven aged care home In September we reported that purchaser WA-based Hall & Prior had been granted a one month-extension to purchase the problem-ridden aged care home on the NSW south coast, now the WA-based has extended the settlement by another two months. The... Click here Caroline Egan
Mergers & Acquisitions Pacific Equity Partners reportedly bids for stake in Opal HealthCare The Australian Financial Review this week reported that infrastructure investor Pacific Equity Partners (PEP) has made a non-binding offer for Australia’s largest aged care provider, Opal HealthCare. Morgan Stanley has reportedly run a two-part... Click here Caroline Egan
Opinion It may not be obvious but retirement living and land lease operators have received a ‘win’ in new aged care announcements When Prime Minister Anthony Albanese announced “historic aged care reforms” on 12 September there was no mention of retirement villages or land lease communities. However, behind the new Aged Care Act and in particular co-contribution, that will be... Click here Chris Baynes
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 Click here 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 Click here 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 Click here 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... Click here 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... Click here 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... Click here 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... Click here 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... Click here 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... Click here 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... Click here 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... Click here 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... Click here Section Editor
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... Click here 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... Click here 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... Click here 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... Click here 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... Click here Ian Horswill
Not for Profit Only in SATURDAY: Community Home Australia (CHA) weighs up Bali ‘village’ for Aussie expats The ink is barely dry on the deposit for its first international resort in Bali, but the innovative dementia care and disability provider already sees further opportunities to expand into accommodation for the growing Australian expat community. As... Click here Lauren Broomham
Retirement and Community Living Time to raise your prices? Look at what is charged for assisted living in the US A Queensland aged care and retirement living operator told me after a recent tour of the US that his only thought was that his prices were too low. More than 30,600 assisted living facilities are currently active in America, with an average... Click here Ian Horswill
Community Living Can this happen in Australia? UK’s best new building is a retirement village John Morton Centre, a day centre for residents of Morden College, a retirement community in south-east London, England, has been named winner of the 2023 RIBA Stirling prize for the best new building in the country. “At a time when adult social care... Click here Ian Horswill