CPI: Living costs for aged pensioners are outstripping the CPI

Feb 17 2011 Updated July 4, 2023

The Weekly Source

1 min read

Sky rocketing utility bills, high fruit and vegetable prices and bigger medical costs are taking a toll on pensioners. According to the latest figures from the Australian Bureau of Statistics seniors got thumped with a 3.1% rise. The official CPI grew 2.7 per cent.

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

Acquisitions

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

Finance

RetireAustralia back up for sale by owners Infratil and NZ Super for $1B+

The owner/operator of 29 retirement villages, which is about to open its sector-leading Aged Care Hub at The Verge At Burleigh on the Gold Coast, follows Aveo’s announcement it is selling 16 villages. After Mirvac and Pacific Equity Partners each...

Ian Horswill

22 Apr 2024

Webstercare to host free MedSig webinars

Leading medication management provider Webstercare has announced it will hold a series of free, 45-minute webinars in May focused on refreshing participants’ knowledge on the MedSig and MedSig Admin platforms. The webinars will cater to the needs of...

Caroline Egan

1 hour ago

Topic - Aged Care

Opinion: the three big aged care questions the Federal Budget must answer

With the Federal Budget now just 12 days away, there remains several unanswered questions that are weighing on boards and executives across the aged care sector. Despite the Aged Care Taskforce, chaired by the Aged Care Minister Anika Wells, handing...

Lauren Broomham

1 hour ago

Topic - Aged Care

One in 10 aged care homes spend over $52 per resident per day on food

Last week reported that aged care chefs David Martin and Harry Shen, who are employed at St Vincent’s Care Services Kew, had been awarded medals and commendations at the 2024 International Culinaire Salon in London. According to My Aged Care’s...

Caroline Egan

1 hour ago

Topic - Aged Care

‘Great news’ for seniors’ housing in new NSW Transport Oriented Development planning reforms

The call by planners to include seniors housing, including residential aged care and co-located aged care and independent living, in the new building zones around 37 railway stations as part of changes to the Housing SEPP has been agreed. The...

Ian Horswill

1 hour ago