A NEW “plain English” contract will make it easier for people to choose which retirement villages best suits their needs, the NSW government says.

Apr 25 2013 Updated July 4, 2023

The Weekly Source

1 min read

Fair Trading Minister Anthony Roberts on Friday announced that by October 1 all retirement villages in the state must implement a simplified standard contract. They will also be required to develop a "general inquiry document that explains the services and facilities available in the village," and simplified disclosure document. "Retirees and their families will be able to clearly see their rights and obligations and make accurate comparisons between villages so they can choose one that best suits their needs."

Exclusive: Aveo to sell off its retirement villages in South Australia and Tasmania

Tony Randello, CEO of the nation’s leading retirement village provider, said the impending sale of its 16 retirement villages in South Australia and Tasmania “aligns with Aveo’s regular strategic review of opportunities across its portfolio”. The...

Ian Horswill

22 Apr 2024

Topic - Aged Care

Breaking news: For Purpose Investment Partners’ aged care platform buys Graeme Croft’s Signature Care

For Purpose Aged Care Australia (FPACA), the aged care provider established by social impact investment vehicle For Purpose Investment Partners (FPIP), is moving forward on its vision of reaching 5,000 beds, acquiring 14 aged care homes – eight on...

Lauren Broomham

24 Apr 2024

Opinion

576 village sellers are waking up: buyers are knocking on doors as the demand and supply penny drops on seniors accommodation

With Aveo selling 16 villages and RetireAustralia, with 29 villages, now also up for full sale (again), we hear a lot about these big players in seniors accommodation, but little about the little guys – and there are a lot of them. In fact we have...

Chris Baynes

22 Apr 2024

Development

Seniors housing faces becoming “the roadkill of the NSW planning system”

Two major policies recently exhibited by the NSW Department of Planning, Housing, and Infrastructure (DPHI) could have major implications on seniors housing, said Ethos Urban Director Daniel West. The Weekly SOURCE stated last Tuesday that Daniel...

Ian Horswill

16 Apr 2024

Why three-year fight to build 233 independent living units in NSW Mid North Coast is doomed

Congarinni North Pty Ltd’s appeal to the NSW Land & Environment Court to build 233 independent living units with recreational facilities, residential and visitor car parking on a 57.3ha site at Congarinni North, 1km northwest of Macksville, in...

Ian Horswill

22 Apr 2024

Development

Court conciliation sees $40M senior housing development approved on NSW Far South Coast

Much-needed senior housing is going to be built in the town of Merimbula, 240km southeast of Canberra. Matthew Pullinger, Acting Commissioner of the NSW Land and Environment Court, said conciliation talks between Bega Shire Council and the...

Ian Horswill

22 Apr 2024

Development

A sign of retirement living demand: AdventCare’s Stage 3 Pavilions Blackburn Lakes in Melbourne sold out as Stage 2 opens

The multi-award-winning Pavilions Blackburn Lake in Nunawading, 18km east of Melbourne’s CBD, is the definition of a perfect retirement community, according to Rob Macpherson, One Fell Swoop’s Retirement Living National Sales Director. “Stage 2...

Ian Horswill

22 Apr 2024

Development

Surf Coast Shire approves Summerset Villages’ new plans for retirement village days before VCAT hearing

The New Zealand operator’s amended plan for a retirement village of 191 independent living units (a reduction of five independent living units) in the seaside resort of Torquay, 97km southwest of Melbourne’s CBD, has been approved by the council on...

Ian Horswill

22 Apr 2024