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Aspen Group: little change in profits

1 min read

The Aspen Group has announced a FY10 profit after tax of $33.6 million, only slightly up from last year. Aspen was one of the few achievers last financial year, posting a profit of $33.2 million in FY09. Aspen Living currently manage five residential land estates in Australia and plan to create over 6000 home sites and build land assets to over a $1 billion.

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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
15 May 2025
Government Policy

Rising political star Sam Rae appointed Minister for Aged Care as Anika Wells takes on a new portfolio

Sam Rae, who was elected the member for Hawke in 2022, has been appointed the Minister for Aged Care, while Mark Butler retains the Health and Aged Care ministry Anika Wells moved to the Communications portfolio while retaining Sport.

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Caroline Egan
12 May 2025
Opinion

Why this letter from a resident should be read by all village operators

For the second time in as many months, the retirement village sector faces an uphill battle with a branch of government not understanding or appreciating what the sector offers ageing Australians, or the communities they remain a part of. In March...

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Ian Horswill
13 May 2025
Government Policy

Aged care sector sounds alarm on reform rollout after Election win

Aged care providers across the country extended their congratulations to the re-elected Government this week, celebrating the victory just weeks before the sector is set to implement landmark reforms. However, their well-wishes came with a note of caution.

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Caroline Egan
08 May 2025
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Development

$50M plus pre-release sales for Stage 2 of Reside Communities’ Fairway Carindale, with three-bedders hitting $3.6M

Fairway Carindale’s first stage, Ivy and Aster, which featured 52 luxury apartments within Pacific Golf Club’s 53ha site, opened in late Janaury

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Ian Horswill
19 May 2025
Development
Buying

Single women drive demand at Adrian Puljich’s Aliria community in Rockhampton

Almost a third of purchasers in the $32 million Aliria on Dean, which will feature 57 architect-designed duplex homes in Berserker, a suburb of Rockhampton, have been women purchasing on their own. Widow Carry Lee, 69, said she began considering...

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Ian Horswill
19 May 2025
Development

Principle Living’s flagship Newcastle Golf Club 172-home retirement village approved

The fifth retirement village by the business, founded by the Mann family and Stevens Group, has received development consent for Apperly Village from the Hunter and Central Coast Regional Planning Panel. The 172-home retirement village, to be co-located...

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Ian Horswill
19 May 2025
Development

Expansion of Ocean Gardens City Beach retirement village in Perth approved

Town of Cambridge Deputy Mayor Ben Mayes and Town of Cambridge Director Planning & Community Services Luke Gibson expressed their “deep disappointment” after Western Australian Planning Commission’s Statutory Planning Committee approved the...

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Ian Horswill
19 May 2025
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