NSW: Southern Cross Retirement village to open $16 million two storey apartments in rural Young

Jul 27 2010 Updated July 4, 2023

The Weekly Source

1 min read

The Southern Cross Retirement Village in Young, NSW will officially open its $16 million, two storey apartment project this week. New facilities include independent living and a special care unit.

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...

Click here

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...

Click here

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...

Click here

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.

Click here

Caroline Egan

26 Jun 2025

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...

Click here

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...

Click here

Aged care regulator sharpens focus on care minute targets ahead of financial penalties

More than half of the risk-based assessments conducted by the Aged Care Quality and Safety Commission in the March 2025 quarter were focused on providers’ compliance with care minutes targets, according to the latest Sector Performance Report.

Click here

Two-thirds of home care providers fail Quality Standards, regulator finds

The Aged Care Quality and Safety Commission’s March quarter Sector Performance Report showed that only 64% of home services audited complied with all eight Quality Standards. Complaints were at a recent high.

Click here

Caroline Egan

14 hours ago