The Weekly SOURCE

Home care hellscape: why the wait list should be the new Minister’s first priority

On paper, Australia’s home care system is expanding. Another 107,000 Home Care Packages are set to be rolled out from 1 July. But for many older Australians, that help will come too late – if it comes at all. As we report in this issue, average...

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Lauren Broomham

22 hours ago

Technology

Exclusive: Anglicare slashes workforce turnover from 30% to 14% with Workday AI platform

Anglicare Sydney is reporting significant gains in recruitment, retention, and workforce efficiency across its aged care operations following the implementation of Workday’s Human Capital Management (HCM) platform.

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Lauren Broomham

22 hours ago

Aged Care

Opal HealthCare’s cheeky marketing campaign inspires uptick in admissions

An Opal HealthCare advertising campaign featuring aged care residents living life to the full in the company of friends has not only sparked conversations about what it means to age well, it has resulted in increased enquiries and admissions in the locations the ads have been shown.

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Caroline Egan

21 hours ago

Aged Care

Juniper CEO Russell Bricknell: two changes must happen now before aged care system collapses

The CEO of the Not For Profit aged care provider said the sector is on the brink of collapse as a new Aged Care Act comes into being on 1 July. Russell said government policy has made it impossible to achieve a 10% return to justify new investment...

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Why the new Aged Care Act is a golden opportunity for boards

With weeks to go before the 1 July rollout of the new Aged Care Act and Support at Home program, one message is clear: governance is no longer a back-office function. It’s a frontline enabler of quality, innovation, and trust. The aged care sector...

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Lauren Broomham

23 May 2025

Aged Care

Aged care providers on challenges of care minute targets: 2025 LEADERS SUMMIT videos available

A panel of three aged care CEOs, hosted by Managing Director and Founder of Anchor Excellence, Cynthia Payne, shared the advantages - and pitfalls - of being a mid-size provider at the 2025 LEADERS SUMMIT.

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Caroline Egan

23 hours ago

Government Policy

Liquidity ratios relief: Ageing Australia updates members on consultations

The peak body for aged care providers, Ageing Australia, has written to members informing them about information received from the Aged Care Quality and Safety Commission about how they can apply proposed new liquidity standards.

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Group Editor

05 May 2023

Development

$1M per bed: Victorian Govt completes Rutherglen aged care home

The Victorian Government has completed the $57.1 million construction of a 50-bed aged care home in Rutherglen, located 300km northeast of Melbourne, population 3,000., which equates to $1 million a bed..

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Caroline Egan

23 hours ago

Home Care

Average wait time for Home Care Packages blows out to seven months

A medium priority customer waiting for a Level 4 package is waiting on average 13 months to receive the care they have been assessed as needing.

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Caroline Egan

22 hours ago

Government Policy

Anne Ruston retains Shadow Health, Aged Care and Sport, takes on Disability and the NDIS

The South Australian Senator Anne Ruston has retained her Health, Aged Care and Sport portfolios in Sussan Ley’s new Shadow Cabinet, and has also taken on the additional responsibilities of Disability and the National Disability Insurance Scheme.

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Caroline Egan

23 hours ago

Aged Care

160 aged care providers asked to take over Hunter Shire Council’s Gummun Place Hostel – only one responded

Upper Hunter Shire Council in NSW voted for the remaining 16 residents of Gummun House Hostel in Merriwa, 275km northwest of Sydney, be found alternative accommodation. Of 160 aged care providers contacted in January to submit an expression of interest in taking on the home’s operation, one replied.

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Caroline Egan

23 hours ago

Community Living

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Government Policy

RLC and StewartBrown lobbying sees retirement village operators’ proposed liquidity ratio cut from 10% to 2%

Daniel Gannon, Executive Director of the Retirement Living Council, said the Aged Care Quality and Safety Commission’s proposal to make residential aged care providers operating independent living units (ILUs) and retirement villages retain 10% of ILU and retirement village refundable amounts as liquid funds from 1 July this year, has been reduced to 2%.

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Ian Horswill

Sector Moves & People

ECH Chief Executive Claire Scapinello resigns after three years in role

In a surprise move, Claire has left South Australia’s largest retirement living provider just months after being elected Vice-President of the peak body, the Retirement Living Council, in February.

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Ian Horswill

Opinion

Scape - the disruptor that will turn the retirement living sector on its head

“As we think about senior housing, that sector in itself is too fragmented and it needs a bit of leadership from someone to kind of disrupt,” Stephen Gaitanos, co-founder, Managing Director and Group CEO of Scape Australia told Mingtiandi’s...

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Ian Horswill

Mergers & Acquisitions

Parties interested in buying Keyton’s Western Australian retirement villages in due diligence

The leading retirement village operator’s decision to sell its entire portfolio of 10 retirement villages in Western Australia was made in September last year. “They are still on the market with interested parties doing due diligence. That’s all we can say at this point,“ said Keyton spokesperson.

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Ian Horswill

Sector Moves & People

Land lease operator GemLife eyes $700M+ raise at $2B valuation

GemLife’s bankers, JPMorgan, Morgan Stanley and Highbury Partnership, took about two dozen fund managers through four sites in Queensland on Monday and Tuesday last week, ahead of a non-deal roadshow planned for Asia this week as the business...

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Ian Horswill

Mergers & Acquisitions

Lendlease may have nibble for its 25% stake in village operator Keyton

The builder and developer, which has been under shareholder pressure to sell its remaining 25.1% stake in the retirement village operator for at least three years, is reported to have received a handful of approaches to buy it, according to The Australian.

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Ian Horswill

Awards

Corporate Leadership finalists vying for Future Leader of the Year at National Retirement Living Summit

The Future Leader of the Year award at the Retirement Living Council’s annual National Retirement Living Summit, which take places in Brisbane from 18-20 June, is highly coveted. It recognises outstanding young professionals (35 years or under) in...

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Ian Horswill

Aged Care

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Government Policy

Liquidity ratios relief: Ageing Australia updates members on consultations

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Caroline Egan

23 hours ago

Aged Care

Aged care providers on challenges of care minute targets: 2025 LEADERS SUMMIT videos available

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Caroline Egan

23 hours ago

Opinion

Home care hellscape: why the wait list should be the new Minister’s first priority

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Lauren Broomham

22 hours ago

Technology

Exclusive: Anglicare slashes workforce turnover from 30% to 14% with Workday AI platform

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Why the new Aged Care Act is a golden opportunity for boards

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Lauren Broomham

23 May 2025

Aged Care

Opal HealthCare’s cheeky marketing campaign inspires uptick in admissions

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Caroline Egan

21 hours ago

Aged Care

Juniper CEO Russell Bricknell: two changes must happen now before aged care system collapses

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Ian Horswill

22 hours ago

Development

$1M per bed: Victorian Govt completes Rutherglen aged care home

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Caroline Egan

23 hours ago

Aged Care

160 aged care providers asked to take over Hunter Shire Council’s Gummun Place Hostel – only one responded

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Caroline Egan

23 hours ago

Home Care

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Home Care

Average wait time for Home Care Packages blows out to seven months

A medium priority customer waiting for a Level 4 package is waiting on average 13 months to receive the care they have been assessed as needing.

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Caroline Egan

22 hours ago

Opinion

Home care hellscape: why the wait list should be the new Minister’s first priority

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Lauren Broomham

22 hours ago

Aged Care

More than 500 aged care patients in Queensland hospital beds - how many nationally?

Queensland’s Health Minister, Tim Nicholls, has demanded the Federal Government invest more in building aged care beds in the state, saying of the 783 hospital patients waiting for an aged care bed: “This is a Commonwealth responsibility.“

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Caroline Egan

22 hours ago

Saturday

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DIGITAL EDITION

Saturday

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

Saturday

Part 2 of our Innovators series in first SATURDAY magazine of 2025

In our first edition of SATURDAY for 2025, we profile Group Homes Australia, Silverchain, and Home Instead, and others.

Issue 90 | The innovators shaping the sector

Issue 89 | Pioneers never stop growing

Issue 88 | DCM Institute: Striving for excellence

Lauren Broomham

08 Nov 2024

Conversation at the Wharf

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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

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...

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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

Development

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Development

$1M per bed: Victorian Govt completes Rutherglen aged care home

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Caroline Egan

Development

First sod turned on $60M Rockpool Hamilton Northshore aged care home in Brisbane

The private aged care operator founded by Bill Summers in 2016 has begun construction on the six-storey, 153-bed aged care home, with the first residents expected to move in early next year.

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Caroline Egan

Development

Vivacity’s bid to build $28M 254-home land lease community in Maitland, NSW, deferred

Maitland City Council officers had recommended the Sydney-based land lease community developer and operator’s proposal for a manufactured home estate in Farley, which is being redeveloped into a residential suburb of Maitland, be refused. The...

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Ian Horswill

Development

Adrian Puljich’s Aliria brand has approval for two more land lease sites with 416 homes

Construction will start on the first of two new over-50s communities in Toowoomba, southern Queensland’s Darling downs region, in the second half of 2025, after they received development approval from Toowoomba Regional Council last week. Both are...

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Ian Horswill

Government

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Aged Care

160 aged care providers asked to take over Hunter Shire Council’s Gummun Place Hostel – only one responded

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Caroline Egan

Aged Care

Aged care providers on challenges of care minute targets: 2025 LEADERS SUMMIT videos available

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Caroline Egan

Development

$1M per bed: Victorian Govt completes Rutherglen aged care home

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Caroline Egan

Home Care

Average wait time for Home Care Packages blows out to seven months

A medium priority customer waiting for a Level 4 package is waiting on average 13 months to receive the care they have been assessed as needing.

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Caroline Egan

Aged Care

Aged care bed shortage will ‘bedevil’ hospitals: NSW Health Inquiry

A Special Inquiry into NSW’s public healthcare funding led by Commissioner Richard Beasley has recommended the NSW Government supplies aged care beds in circumstances were bed shortages are impacting hospital operations and care.

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Caroline Egan

Aged Care

More than 500 aged care patients in Queensland hospital beds - how many nationally?

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Caroline Egan

Government Policy

Liquidity ratios relief: Ageing Australia updates members on consultations

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Caroline Egan

Government Policy

Anne Ruston retains Shadow Health, Aged Care and Sport, takes on Disability and the NDIS

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Caroline Egan

Government Policy

RLC and StewartBrown lobbying sees retirement village operators’ proposed liquidity ratio cut from 10% to 2%

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Ian Horswill

Housing News

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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

Housing

Barossa Village revitalises underutilised land for the Buna/Kokoda housing project in Nuriootpa

Each of the five homes, which replaced two houses on the 2,400msq site in the town of Nuriootpa, the commercial centre of South Australia’s Barossa Valley, has been individually designed. “These are not one-size-fits-all units — they are...

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Ian Horswill

Mergers & Acquisitions

‘Affordable’ Aspen Group adds to portfolio with second WA land buy in six weeks

The ASX-listed affordable housing group announced last Wednesday it has entered a conditional contract to buy a new 18ha accommodation complex in Australind, a town 12km northeast of Bunbury’s CBD. Aspen Group, which serves the 40% of Australian...

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Ian Horswill

Topic - Housing News

Sydney Anglican Property lodging DAs to renew two sites with housing for women over 55 included

Social and affordable housing is much-needed in Sydney’s southwest and two projects delivering almost 260 such homes have been successful under Round 1 of the Albanese Government’s Housing Australia Future Fund (HAFF). However, as the Coalition...

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Ian Horswill

Community Living

Catholic Care in partnership to provide housing for women 55+

The Diocese of Parramatta’s social welfare agency is working with the Older Women’s Network Blue Mountains to address the plight of housing insecurity and homelessness for women aged 55 and over in the region on the outskirts of western Sydney...

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Ian Horswill

Sector Moves & People

Former Ingenia Communities executive Kate Melrose appointed Non Executive Director of community housing provider Evolve Housing

Kate was a lead in the growth of the ASX-listed Ingenia Communities for 10 years, almost solely as Executive & General Manager Project Sales. She spent the final 10 months in a part-time role as Principal Advisor Stakeholder Engagement and...

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Ian Horswill

Opinion

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Opinion

Home care hellscape: why the wait list should be the new Minister’s first priority

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Lauren Broomham

Opinion

Scape - the disruptor that will turn the retirement living sector on its head

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Ian Horswill

Opinion

Fix it or fail: Australia’s health system can’t last another five years

Last week, I was fascinated by the Fin Review’s latest ‘Lunch with the AFR’ interview with Chris Blake, CEO of St Vincent’s Health Australia. His prediction? Australian hospitals, in their current form, have only about five years left to survive – and the aged care sector may face collapse even sooner.

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Lauren Broomham

Opinion

Why building new retirement living developments is not for the faint hearted

Today’s issue is packed full of development stories and talking to For Profit and Not For Profit executives it is getting harder and harder to make projects viable. Anyone building a retirement living facility today needs 40% to 45% more to make...

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Ian Horswill

Opinion

No, Prime Minister: aged care isn’t ‘fixed’

Prime Minister Anthony Albanese unveiled his new Cabinet this week – and aged care has been relegated to the outer Ministry. Is this a signal that the Labor Government believes aged care is no longer a problem?

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Lauren Broomham

Funding

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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

Funding

Looking to buy? Keyton increases debt with retirement living sector’s first green loan

When the leading owner and operator of retirement villages put its Western Australia portfolio up for sale last September, speculation rose why it needed the money. Now Keyton has increased its debt facilities to $1.3 billion with a significant...

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Ian Horswill

Development

Purrkanaitya Aboriginal Elders Village in Bedford Park, SA, building begins after $5.15M grant

The elders’ village in the southern suburb of Adelaide will include 40 culturally appropriate one-bedroom social dwellings, which will include the necessary infrastructure to promote independent living within a community setting for Aboriginal...

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Ian Horswill

Sector Moves & People

QLD nurses’ union seeks FWC approval to negotiate pay and conditions with three aged care providers in sector first

The Queensland Nurses and Midwives Union has asked the FWC if it can begin multi-enterprise supported bargaining with Anglicare Southern Queensland, Superior Care Group, and Catholic Healthcare Limited.

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Caroline Egan

Funding

Bain Capital-owned Estia Health reportedly secures $300M finance line

Estia Health has secured $300 million in financing from Japanese Bank Nomura, according to The Australian Financial Review’s Street Talk column.

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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...

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Caroline Egan

News & Headlines

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Government Policy

Anne Ruston retains Shadow Health, Aged Care and Sport, takes on Disability and the NDIS

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Caroline Egan

News & Headlines

Clean up continues for aged care homes inundated after NSW deluge

The clean up from the floods on the NSW Mid North Coast continues, with support provided by hundreds of local staff often themselves personally impacted in efforts described by Whiddon CEO Chris Mamarelis as “the very best aged care represents”.

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Caroline Egan

News & Issues

Villages evacuated, isolated, without power as floods hit NSW Mid North Coast

70 seniors from a flooded over 55s retirement village on the NSW Mid North Coast had to be evacuated by the SES, Volunteer Rescue Association (VRA) and local fire fighters at Taree with their units inundated with water.

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Ian Horswill

Aged Care

Only in SATURDAY: The rural aged care model rewriting the rules from the ground up

In the tiny WA town of Pingelly, locals aren’t waiting for aged care reform – they’re doing it themselves. And the results are quietly revolutionary.

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Lauren Broomham

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

Opinion

Fix it or fail: Australia’s health system can’t last another five years

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Lauren Broomham

News & Headlines

Aged care erased: no mention of sector in Shadow Aged Care Minister interview

In an interview with the Shadow Minister for Aged Care Anne Ruston on the ABC’s Insiders program this week, aged care did not rate a mention, despite concerns about the historic reforms being rolled out in fewer than 30 working days.

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Caroline Egan

Health

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Sector Moves & People

Calvary Health Care announces McKinsey & Co’s Damien Bruce to become National CEO

McKinsey & Company consultant Damien Bruce has been appointed National CEO of Calvary Health Care, the Catholic health, home, and aged care provider, following the retirement of current National CEO Martin Bowles earlier this year.

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Caroline Egan

Opinion

LEADERS SUMMIT 2025: ‘wellness’ and reablement should be key to future strategy for sector

Australia is already struggling to meet growing demand for care and support and this will only worsen with the ageing population - the focus must shift to reaching people before they require hospital-level treatment with much of the responsibility falling on aged care and retirement living operators.

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Lauren Broomham

Home Care Delivery

Five Good Friends - revolutionising homecare: a self-service platform that connects people with the best care and health solutions in their community

Live well at home - Life changing care at home and helping people live engaged and successful lives in the homes & communities they love. All of Five Good Friends’ home service tools are available via our mobile app. NDIS approved

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Group Editor

Technology

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Technology

Exclusive: Anglicare slashes workforce turnover from 30% to 14% with Workday AI platform

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Lauren Broomham

Technology

Silverchain and Talius pilot Australia’s first AI virtual assistant for home care

The Not For Profit national home care provider and the ASX-listed digital health technology firm are piloting a conversational AI virtual assistant for home care, the first time such a platform has been used in Australia.

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Caroline Egan

Technology

The future is here - harnessing AI to build workforce capability: 2025 LEADERS SUMMIT videos available online

With AI already incorporated into many off-the-shelf software products, aged care providers looking for a competitive advantage must develop their own tools or risk falling behind said Will Egan, CEO Ausmed at LEADERS SUMMIT 2025, where he spoke with Esther Monks, Industry Advisor Healthcare, Workday.

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Caroline Egan

Home Care

Why home care provider Silverchain is growing its acute care services: 2025 LEADERS SUMMIT video

In-home care is set to become the ”cornerstone” of Australia’s healthcare system, Tamra Bridges, East Coast Executive Director of Not For Profit home care provider Silverchain, told attendees at LEADERS SUMMIT 2025.

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Caroline Egan

Mergers & Acquisitions

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Mergers & Acquisitions

Lendlease may have nibble for its 25% stake in village operator Keyton

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Ian Horswill

Mergers & Acquisitions

Parties interested in buying Keyton’s Western Australian retirement villages in due diligence

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Ian Horswill

Mergers & Acquisitions

Legal & General acquires 75% stake in owner of land lease operator Vantage

Vantage is AVID Property Group’s land lease community brand, which has marked its first year in the burgeoning sector. AVID spent $284.5 million to buy eight Living Gems communities to announce the brand in March last year, adding it had earmarked...

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Ian Horswill

Mergers & Acquisitions

DevCore unveils plans for 1,200 land lease homes across NSW and QLD

Property developer DevCore has revealed a pipeline of at least 1,200 land lease homes, to be delivered across six future communities in New South Wales and Queensland. Founded by former Rawson Homes executives Peter, Lawrie and Mark Rawson, DevCore...

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Lauren Broomham

Mergers & Acquisitions

Aveo’s preferred buyer Scape reveals new senior housing business Living Co

Stephen Gaitanos, the Co-Founder, Managing Director and Group CEO of Scape Australia, the country’s leading residential-to-rent owner and operator, has told Mingtiandi’s Singapore Forum that the group will provide accommodation for seniors.

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Ian Horswill

Mergers & Acquisitions

Respect enters QLD with acquisition of seven BlueCare aged care homes and four co-located retirement villages

The Not For Profit, which specialises in acquiring rural and regional care home, announced this morning it will take ownership of several sites from the health and community arm of UnitingCare Queensland.

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Ian Horswill

Mergers & Acquisitions

Roshana Care buys vacant aged care home in NSW Central Coast retirement village for $73K per bed

The operator is also targeting growth into the NDIS, community services, and mental health. Last week, they announced the acquisition of Wangara Medical Centre

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Caroline Egan

Aged Care

Apollo Care expands to 13 homes with regional QLD acquisition

Specialist aged care provider Apollo Care, which supports stand-alone aged care homes in regional communities, has taken on its 13th home, Resthaven on Quarry in Mackay, Queensland, 1,000km northwest of Brisbane.

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Caroline Egan

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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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

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...

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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...

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Ian Horswill