Forbes Council (NSW) purchases land for aged care and retirement units

Jul 01 2013 Updated July 4, 2023

The Weekly Source

1 min read

A few councils are still investing in community aged care and retirement. Forbes Council is purchasing a disused portion of the former Jemalong Retirement Village and will build 20 ILUs along with a new aged care facility.

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

Legal Issues

VCAT rules Lifestyle Communities’ DMF model illegal

Lifestyle Communities’ business model is under serious threat after a ruling by VCAT President Justice Ted Woodward found its exit fee structure to be illegal. The ASX-listed land lease operator, which was valued at $861.9 million and placed in...

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Ian Horswill

07 Jul 2025

Opinion

What does the ‘voiding’ of the land lease DMF in Victoria mean for retirement villages?

By our calculation up to 35-40% of retirement village contracts could have their DMFs voided as well if applied across the country. We can’t see this actually happening but we do believe lawyers received a mid year Christmas present yesterday when...

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Chris Baynes

08 Jul 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

Melbourne’s Latvian Community aged care facility transferred to Uniting AgeWell

Uniting AgeWell now has 21 aged care facilities – 13 in Victoria and 8 in Tasmani

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St Bart’s proposed 80-bed Perth aged care home for the homeless one step closer

Western Australia’s Metro Inner Development Assessment Panel has recommended approval of St Bart’s aged care facility on Brown Street, East Perth, which will provide 80 aged care beds for people over 50 who have a history of homelessness.

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Govt’s IT systems might not be ready by 1 November: reports

The Saturday Paper reported last week that the Department of Health, Disability and Ageing’s IT overhaul, intended to underpin aged care reforms coming in on 1 November, is behind schedule and may not be completed until April next year. The 2024-25...

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Exclusive: Health Dept’s Single Assessment System is failing seniors

Older Australians are being told they will have to wait up to nine months to be assessed for Government-funded aged care amid a litany of problems with the Single Assessment System (SAS), with some waiting for assessments that will never be...

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Caroline Egan

11 hours ago