Australia in Good Shape, Excepting New South Wales and Victoria: Macquarie

Jul 23 2008 Updated July 4, 2023

The Weekly Source

1 min read

Macquarie Banks CEO declared yesterday at the groups AGM that Australia will continue to ride Chinas back with resources for the next 10 years. Solid economic growth was predicted for all states except New South Wales and Victoria, which are forecast to fall behind over the next 12 to 18 months.

RIP: We are seeing the death of the family-run aged care operator

It feels like I am writing an obituary to family-run aged care facilities. Once the backbone of the sector, multi-generation operators are now selling out at a pace not seen before. The sell-off is accelerating, with three landmark deals in just two...

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Lauren Broomham

11 Sep 2025

Mergers & Acquisitions

Opal HealthCare powers ahead with triple Victorian acquisition

Australia’s largest aged care operator, Opal HealthCare, has added three more homes to its Victorian footprint after completing the acquisition of Australian Aged Care Group (AACG) on 1 September 2025.

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Caroline Egan

09 Sep 2025

Mergers & Acquisitions

Scape’s Craig Carracher: Aveo deal cost closer to $4.5B, not $3.85B

Brookfield Asset Management hailed the sale of Aveo as the largest direct real estate transaction in Australian history, quoting a price tag of $3.85 billion.

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Ian Horswill

08 Sep 2025

Opinion

Is the DMF model dead? Anglicare CEO Simon Miller says yes

After buying 50% of LDK Senior’s Living from Cromwell Property Group in November 2022, Anglicare CEO Simon Miller is going all in on private aged care. Speaking at the DCM Group’s Ask the Visionaries’ Anything breakfast forum at...

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Ian Horswill

16 Sep 2025

UnitingCare Queensland appoints Ben Edwards as new CEO

The Group Chief Operating Officer of St John of God Health Care, Ben Edwards, has been appointed as the next Chief Executive Officer of UnitingCare Queensland, commencing 12 January 2026.

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Ian Horswill

08 Sep 2025

Sector Moves & People

Phoebe van Bentum takes the reins from retiring Maroba CEO Viv Allanson OAM

After more than three decades of leadership by Viv Allanson OAM, Phoebe van Bentum says she is “honoured” to be appointed CEO of Newcastle-based Not For Profit aged care provider Maroba.

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Caroline Egan

27 Aug 2025

Sector Moves & People

Sector Moves/People

Tomai Morris departs Retirement Living Council after seven years

Tomai Morris, the inaugural Retirement Living Council Commercial Director in 2023, has decided to leave after seven years’ service. “She has shaped, coordinated, grown and delivered six National Retirement Living Summits and seven National Retirement Living Award programs,“ said ED Daniel Gannon.

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Ian Horswill

18 Aug 2025