NT: Secret investment in $25 million seniors village

Jul 12 2010 Updated July 4, 2023

The Weekly Source

1 min read

Rumours have it that a property developer is one of a group of incognito investors, all said to be of Greek-Australian background, behind a $25 million seniors village to be built on Crown land in the Northern Territory. The proposed village will be built in two stages and will include 40 low-cost units and a 60-bed aged care home.

RIP: We are seeing the death of the family-run aged care operator

It feels like I am writing an obituary to family-run aged care facilities. Once the backbone of the sector, multi-generation operators are now selling out at a pace not seen before. The sell-off is accelerating, with three landmark deals in just two...

Click here

Lauren Broomham

11 Sep 2025

Mergers & Acquisitions

Scape’s Craig Carracher: Aveo deal cost closer to $4.5B, not $3.85B

Brookfield Asset Management hailed the sale of Aveo as the largest direct real estate transaction in Australian history, quoting a price tag of $3.85 billion.

Click here

Ian Horswill

08 Sep 2025

Mergers & Acquisitions

Opal HealthCare powers ahead with triple Victorian acquisition

Australia’s largest aged care operator, Opal HealthCare, has added three more homes to its Victorian footprint after completing the acquisition of Australian Aged Care Group (AACG) on 1 September 2025.

Click here

Caroline Egan

09 Sep 2025

Opinion

200,000 village residents in assisted living and private aged care within 5 years? Yes

Grant Corderoy tells our private aged care breakfasts that the DMF is likely on the way out and up front membership is the only way to be able to deliver the staff and services this new customer will demand. There will 200,000 of these customers swamping village ‘beds’ in the next 60 months.

Click here

Chris Baynes

08 Sep 2025

Westmont CEO: “This is the hardest I’ve found aged care in 15 years”

“I’ve been working in aged care for 15 years directly and this is the hardest I’ve found it,“, says Tony Dunn, CEO Westmont Aged Care Services in Baranduda, Victoria. He has secured bank financing after twice being rejected by the Australian Government for grants to fund 30 dementia care beds.

Click here

Caroline Egan

10 Sep 2025

Living with Dementia

Aged care providers disincentivised to accept residents living with dementia, says CEO

Alasdair Croydon, CEO of standalone provider Holy Family Services, a Not For Profit that operates 146-bed Brother Albert’s Home in Marayong, western Sydney, says aged care providers are disincentivised to accept residents with dementia from hospital.

Click here

Caroline Egan

04 Sep 2025

Living with Dementia

Extension of Bali dementia resort, co-founded by Dr Rodney Jilek, nears completion

The dementia and disability support provider is adding two additional villas for people living with dementia or a disability to its Aashaya Jasri Resort in Bali, Indonesia.

Click here

Caroline Egan

27 Aug 2025

Living with Dementia

“Distressing to see”: families moving retirement village residents with dementia into aged care

In the latest issue of SATURDAY, Judy Mayfield, President of the Association of Residents of Queensland Retirement Villages (ARQRV), highlighted growing resident concerns about living alongside fellow residents with dementia.

Click here

Ian Horswill

25 Aug 2025