Property: US home sales have fallen to their lowest in a decade

Aug 26 2010 Updated July 4, 2023

The Weekly Source

1 min read

International stock markets reacted badly to the news that US house sales have plummeted to the lowest rate in a decade. The news has heightened simmering tension about the global economy and the possibility of recessions around the world. Sales of existing homes were down over 27% in July in the US, compared with the previous month.

Exclusive: Aveo to sell off its retirement villages in South Australia and Tasmania

Tony Randello, CEO of the nation’s leading retirement village provider, said the impending sale of its 16 retirement villages in South Australia and Tasmania “aligns with Aveo’s regular strategic review of opportunities across its portfolio”. The...

Ian Horswill

22 Apr 2024

Acquisitions

Breaking news: For Purpose Investment Partners’ aged care platform buys Graeme Croft’s Signature Care

For Purpose Aged Care Australia (FPACA), the aged care provider established by social impact investment vehicle For Purpose Investment Partners (FPIP), is moving forward on its vision of reaching 5,000 beds, acquiring 14 aged care homes – eight on...

Lauren Broomham

24 Apr 2024

Opinion

576 village sellers are waking up: buyers are knocking on doors as the demand and supply penny drops on seniors accommodation

With Aveo selling 16 villages and RetireAustralia, with 29 villages, now also up for full sale (again), we hear a lot about these big players in seniors accommodation, but little about the little guys – and there are a lot of them. In fact we have...

Chris Baynes

22 Apr 2024

Opinion

Shared Care closer than we may think for retirement villages – will independent living fade away?

Over the weekend I was trawling through the slide deck of the Department of Health and Aged Care webinar in February discussing the future direction of Home Care and Support at Home. Hidden on about slide 46 was the clipping above which clearly...

Chris Baynes

30 Apr 2024

DCM Executive Recruitment finds quality candidates for operators – fast

In the retirement village sector, recruitment has traditionally been a reactionary function: filling roles as they become available. With unemployment now below 4% nationally, businesses find themselves operating in a competitive labour market...

Ian Horswill

09 Apr 2024

Out of the Ordinary

LEADERS SUMMIT 2024: Watch and listen to the speeches from Aged Care Taskforce member Grant Corderoy, HammondCare CEO Mike Baird, and MinterEllison’s Penny Eden and Deanna McMaster

The speeches from the DCM Group’s LEADERS SUMMIT 2024 at the Hyatt Regency Sydney on 19 and 20 March 2024 continue to be discussed. The video of Group Homes Australia Founder and Executive Director Tamar Krebs and DCM Group CEO Chris Baynes is the...

Ian Horswill

09 Apr 2024

Out of the Ordinary

Mirvac CEO Campbell Hanan backs Stockland CEO Tarun Gupta’s novel land lease idea

With it becoming a major land lease operator after buying a 47% stake in Serenitas, it is not a surprise that the Mirvac boss has spoken publicly about allowing more first home buyers to enter the housing market by acquiring a home without land in...

Ian Horswill

02 Apr 2024

Out of the Ordinary

Look at the house prices at Stockland’s B by Halcyon, UDIA National Awards winner

Launched in February 2020, only 15 sites remain at the former sugar cain farm in Buderim, 91km north of Brisbane, that spans 25ha surrounded by nature. The first two-bedroom Stockland B By Halcyon homes sold for XXX and now residents must pay at...

Ian Horswill

26 Mar 2024