The outlook is fine

Mar 21 2010 Updated July 4, 2023

The Weekly Source

1 min read

BUSINESS conditions rose for the fourth straight quarter in the three months to March, reaching their highest level since late 2007. The actual composite index of the Australian Chamber of Commerce and Industry (ACCI)-Westpac survey of industrial trends rose 6.3 points to 56.7 in the March quarter. The index is above the average for the decade of 52.0 for the first time since mid-2008. Westpac senior economist Anthony Thompson said "It's pointing to a strong acceleration through this year."

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

The Thursday SOURCE

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

Development

Seniors housing faces becoming “the roadkill of the NSW planning system”

Two major policies recently exhibited by the NSW Department of Planning, Housing, and Infrastructure (DPHI) could have major implications on seniors housing, said Ethos Urban Director Daniel West. The Weekly SOURCE stated last Tuesday that Daniel...

Ian Horswill

16 Apr 2024

The owner operator that has sold 600 dwellings in just six months

When Adrian Puljich, GemLife founding Director and CEO, spoke in the afternoon of the LEADERS SUMMIT 2022, everyone rushed back into the auditorium. DCM Group CEO Chris Baynes called Adrian’s speech a “masterclass in successful retirement living...

Ian Horswill

20 Feb 2024

DCM Research

HammondCare’s 57 apartment/30 bed project approved as State Significant Development

The NSW Government Independent Planning Commission has approved the charity’s $82 million proposal to demolish its Neringah Hospital site at Wahroonga in Sydney’s Upper North Shore to make way for 57 seniors living units, 12 residential aged...

Ian Horswill

20 Feb 2024

DCM Research

$13.8M plan with stormwater barrier to extend Lincoln Place’s Kangaroo Flat Lifestyle Estate

Nick Collishaw (right) and Ben Hindmarsh’s thriving business wants to add 73 units in a bushland expansion of their land lease community, formerly Aviva Bendigo, in the city 150km northwest of Melbourne. Flooding in 2022 inundated parts of the...

Ian Horswill

12 Feb 2024

DCM Research

Build To Rent projects keep coming with Canadian-based property investor giant Brookfield to debut

Economic Development Queensland has paved the way for Brookfield’s $400 million 560-apartment project on Brisbane’s riverfront. Comprising two 23-storey towers, the Fender Katsalidis designed development will rise from Brookfield’s $1.3-billion...

Ian Horswill

30 Jan 2024