Federal government to spend $40 million on aged care IT systems.

Mar 17 2010 Updated July 4, 2023

The Weekly Source

1 min read

Budget papers reveal that the Department of Health and Ageing is going to spend $38.3m over the next four years on a new national IT system as part of its plan to reform management of Home and Community Care (HACC).

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

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

A first: residents petition council wanting an over-55s retirement community

A petition signed by more than 100 people within four days in Bannockburn, 88km southeast of Melbourne’s CBD, demanding a lifestyle village was raised at Golden Plains Shire’s council meeting. “We would like to ask our elected council to encourage...

Ian Horswill

9 hours ago

The Weekly SOURCE

100 apartments sold in six months in $300M rehabilitated and rebuilt village: Aveo Parkside Carindale, QLD

The 10-storey ‘Vista’ building, 14km east of Brisbane’s CBD, opened in November last year with over 50% of apartments selling off the plan. The original 38-year-old retirement village of 107 low set villas is being transformed into a modern...

Ian Horswill

9 hours ago

Topic - Acquisitions

Lifestyle Communities buy land for 740 more homes as home sales fall by 16% as customers struggle to sell their homes

Co-Founder and Managing Director James Kelly said the business had bought three pieces of land named in the $275 million capital raising presentation in February 2024. “Subject to successful completion of due diligence and execution of binding...

Ian Horswill

9 hours ago

The Weekly SOURCE

Residents of Retirement Villages Victoria President Lawrie Robertson completes his 10-year reign

For a decade, Lawrie has been at the helm of Residents of Retirement Villages Victoria, where it has grown its reach and impact, protecting the rights of those living in retirement villages. “Lawrie has been a beacon of inspiration, embodying the...

Ian Horswill

9 hours ago