Bidders in ‘final due diligence’ for Aveo sale, says Street Talk
The AFR’s rumour-mill section, Street Talk, reports that private equity organisation Blackstone and another buy-out fund were granted ‘preferred bidder’…
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Attention: QLD village operators – Retirement Living Council releases survey on mandated buyback announcement
As we reported here last week, the QLD Government passed legislative amendments requiring the mandatory buyback of all retirement village…
QLD Government settles on 18 months mandated buybacks for retirement villages
Queenslanders who “terminate their right” to reside in a retirement village will be paid for their homes after 18 months…
Benhome to become part of Royal Freemasons’ Benevolent Institution (RFBI)
The Maitland Benevolent Society (MBS) has announced the sale of Benhome residential and home care services to the not-for-profit provider…
Lifestyle Communities secures $225 million of senior debt facilities to fund new land lease communities
The land lease community developer has executed contracts with Commonwealth Bank, NAB and HSBC Bank to secure new, longer-term debt…
COTA calls for $1.25bn annual funding for home care
The nation’s peak seniors group says the Government needs to make a down payment of $5 billion in next week’s…
High Court says Southern Cross Care is exempt from paying general rates in TAS – will other NFPs follow?
The Court ruled that SCC’s not-for-profit Tasmania retirement villages were not required to pay normal rates because they operated on…
How much does each state or territory contribute to its aged care services funding?
While the majority of aged care services funding continues to come from the Federal Government (96%), new data compiled by…
StewartBrown Report highlights ‘declining profitability’ in residential and home care
The sector report for the six months to 31 December 2018 says the Government’s $320 million one-off funding boost “will…
Household Capital enters Australian retirement sector with new loan model
The independent retirement funding provider has released a new product – the Household Loan – that provides home owners with…