NSW: Controversial Wollongong mid rise seniors units on track

Feb 03 2011 Updated July 4, 2023

The Weekly Source

1 min read

A Housing NSW eight storey seniors development in Wollongong will be ready by September, on time and on budget. Earmarked as seniors housing, the $17m project had to be scaled back after public protest over the scale of the buildings proposed. The site was bought by the NSW Land and Housing Corporation in November 2009 for $2.94 million, almost $1 million more than Sienna Investments paid for the site in 2002.

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

Mergers & Acquisitions

“Aveo is a fantastic business, run by a fantastic management team”: Scape CEO Stephen Gaitanos backs landmark $3.85B acquisition

Scape Australia CEO Stephen Gaitanos has praised the leadership of retirement living operator Aveo, following its acquisition by The Living Company – Scape’s parent – for $3.85 billion, in what is now the largest direct real estate transaction...

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Ian Horswill

30 Jun 2025

Community Living

Catholic Healthcare investing $600M to build connected communities across NSW

One of Australia’s largest Not For Profit providers of home care, residential care and retirement living services, is investing over $600 million over the next five years in five innovative connected communities in New South Wales. “We’ve spent...

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Ian Horswill

07 Jul 2025

Government Policy

Regulator locks in new liquidity standards for aged care providers

The Aged Care Quality and Safety Commission (ACQSC) has released its consultation report on the draft Financial and Prudential Standards set to come into effect under the new Aged Care Act from 1 November 2025 – and as expected, the core liquidity...

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Lauren Broomham

03 Jul 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