Awards

Lifestyle Communities takes out UDIA VIC award for affordable development

Dec 04 2017 Updated May 3, 2023

The Weekly Source

1 min read

Lifestyle Communities' Lyndarum community

The land lease developer won the 2017 Urban Development Institute of Australia (UDIA) Victoria Award for Excellence in the Affordable Development category for their 154-home Lifestyle Lyndarum community.

Located in Wollert, 26km north of the Melbourne CBD, homes at Lyndarum sold between $280,000 and $400,000 with an average sale price of $330,000.

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

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

Chris Baynes

Aveo transformation masterclass: turning $1.27B into $3.85B in 55 months

Today’s confirmation of the sale of Aveo is dated 26 June 2025. Brookfield took the keys to Aveo in November 2019, or four years and seven months ago. On first blush they made $2.58 billion profit in those 55 months, or did they make a lot more?...

Click here

Chris Baynes

26 Jun 2025

Sector Moves & People

Simon Owen appointed Managing Director of Eureka Group Holdings

Simon Owen, currently CEO of ASX-listed Eureka Group Holdings, will take on the additional role of Managing Director from 1 July 2025.

Click here

Ian Horswill

24 Jun 2025

RSL LifeCare reveals reimagined vision for 86-year-old flagship village on Sydney’s Northern Beaches

Since its establishment in 1939, the ANZAC Village in Narrabeen – 23 kilometres northeast of Sydney’s CBD – has evolved through 30 individual developments, growing into a community that offers retirement living, residential aged care, home...

Click here

Ian Horswill

27 Jun 2025

Redevelopments

Mercy Health to replace former aged care home with 60 retirement apartments in inner-city Melbourne

The original brown brick and concrete building on Abbotsford, 2km northeast of the Staqte’s capital city centre, was built in 1977 as an aged hostel for the convent’s nuns. It was bought by he Nof For Profit in 2015 and permanently closed in April...

Click here

SATURDAY means business: Why St Basil’s Bexley project is more than just bricks and mortar

As retirement living and aged care providers brace for the wave of Baby Boomers, St Basil NSW/ACT’s CEO Diana Horvatovic is betting on assisted living – and building the future now. The Bexley project – a proposed 70-80 unit development, 14km...

Click here

Regis Aged Care lodges redevelopment plans for Bulimba site in Brisbane

ASX-listed Regis Aged Care has lodged plans with Brisbane City Council to demolish the existing 150-bed aged care home to make way for a purpose-built, four-storey aged care facility with 123 beds.

Click here

Caroline Egan

18 Jun 2025