New Horizons: New license option in $1.5m refurbishment

Sep 16 2010 Updated July 4, 2023

The Weekly Source

1 min read

A northern NSW retirement village has been completed to provide rental style accommodation for seniors. New Horizons residents will pay $70,000 for a lifetime licence giving them the right to live in one of the units. Residents will also pay a weekly amount of $135, after government rent assistance, for hotel style services such as three meals a day.

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

Only in SATURDAY: how seven CEOs brought their organisations back from the brink

The introduction of the Australian National Aged Care Classification (AN-ACC) in 2022 was lauded as a gamechanger for the sector – two years on, the reality is very different. While many operators are benefiting from the increasing AN-ACC price...

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Stockwell tells investors Solana Lifestyle Resorts will provide 10.5% cash return per year

Mark Stockwell’s QLD development business is actively promoting three land lease community investment funds based on Solana Lifestyle Resorts. Stockwell, which has set up 28 investment funds with $380 million of assets under management, is now...

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Jason Howie: home care pricing uncertainty is stalling the sector

The uncertainty around the future of home care pricing - whether it will be market-based or a more fixed-price system - is putting the industry “on pause”, Jason Howie, Partner Strategy and Corporate Governance, Pride Living, has told The SOURCE.

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Caroline Egan

22 Nov 2023

Topic - Editorial

Provider and aged care peak plead for exemptions to Vic payroll tax increases

The CEO of Victoria’s largest family-owned aged care provider and the head of the peak body for aged care providers have pleaded with the VIC government to exclude the aged care sector from increases to payroll tax in the state. At the recent...

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Team Editor

14 Jun 2023