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.

Brookfield sells retirement village operator Aveo for $3.85B

Brookfield Asset Management, a leading global alternative asset manager headquartered in New York with over US$1 trillion of assets under management, has agreed to sell its retirement living platform, Aveo, to The Living Company for A$3.85 billion...

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Ian Horswill

26 Jun 2025

Aged Care

Australia’s top 25 residential aged care providers ranked: KPMG

KPMG’s eighth annual review of the Australian aged care market features the ranking of the top 25 residential aged care providers, with Opal HealthCare retaining its number one spot.

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Caroline Egan

26 Jun 2025

Chris Baynes

Aveo transformation masterclass: turning $1.27B into $3.85B in 55 months

Today’s confirmation of the sale of Aveo is dated 26 June 2025. Brookfield took the keys to Aveo in November 2019, or four years and seven months ago. On first blush they made $2.58 billion profit in those 55 months, or did they make a lot more?...

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Chris Baynes

26 Jun 2025

Sector Moves & People

Simon Owen appointed Managing Director of Eureka Group Holdings

Simon Owen, currently CEO of ASX-listed Eureka Group Holdings, will take on the additional role of Managing Director from 1 July 2025.

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Ian Horswill

24 Jun 2025

Land lease operator GemLife launches on the ASX in the year’s biggest IPO

In just nine years, 37-year-old Adrian Puljich marked a huge milestone – celebrating with his family, residents, staff, the new board, legal teams and The Weekly SOURCE as he launched his business on the Australian Stock Exchange. “What...

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Ian Horswill

03 Jul 2025

Out of the Ordinary

Council deny this 18ft high tree at Perth retirement village is a danger

Retention of the tuart tree, Eucalyptus gomphocephala, was a condition in the 2016 development approval for the retirement village despite it being known as one of the six forest giants of southwest Australia. Today, the tuart more than 40 years old...

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Ian Horswill

16 Jun 2025

Out of the Ordinary

Levande launches ‘Everyday Exceptional’ campaign to redefine retirement living

The leading retirement village operator’s first marketing campaign – set to run on TV, print, radio, and online – aims to challenge outdated perceptions of life in a retirement village. “There is a disconnect between how people perceive...

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SATURDAY 100th issue reimagines care: Can your home be the new hospital?

With aged care under strain and hospitals stretched thin, Amplar Health is leading a quiet but powerful revolution: delivering hospital-level care at home.

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Lauren Broomham

05 Jun 2025