NSW Govt commences its ‘compliance blitz’ of retirement village operators
Three weeks ago the Minister for Innovation and Better Regulation, Matt Kean, appeared on the Sunday night TV news with…
Browsing: Retirement and Community Living
Aveo reveals 22% increase in FY17 profits – and changes to village contracts
The listed operator has announced an underlying profit after tax for their retirement business of $108.4M – a 6% return…
Stockland Retirement delivers fourth straight year of double-digit growth – and new non-DMF villages
Its Retirement Living business’ operating profit hit $63M in FY17 – up 11.1% from $57M last financial year – helped…
QLD: new bill pushes forward retirement village and Land Lease Community changes
Housing Minister Mick de Brenni has introduced the Housing Legislation (Building Better Futures) Amendment Bill 2017 (Bill), which includes major…
Port Adelaide businessman puts forward plans for $40M vertical retirement village
Local developer Hans Ehmann has lodged a development application with the State Commission Assessment Panel for a seven-storey independent living…
Bargain buy? Townsville developer grabs $1.2M golf course for retirement village development
Local plumber Mick McMahon and his wife Lisa have bought the Mystic Sands golf course and its residential subdivision, 40km…
Now ABC’s 7.30 Report is spotlighting ongoing retirement village fees after departure
The program ‘named and shamed’ two more village operators in QLD and VIC in a story aired last Thursday that…
Strong sales boost Summerset’s profits by 78%
NZ’s second-largest operator has pushed its after-tax profit to $90.3M in the latest half-yearly results, up from $50.6M in the…
Private equity firm and village investor Blue Sky doubles its profits by 56% to $25.6M
The ASX-listed company also boosted its underlying revenue by 35% to $85M on the back of its five investments in…
NZ’s Ryman Healthcare recognised with top 10 world healthcare ranking
NZ’s biggest village operator has been named one of the world’s best-performing healthcare companies for the fourth year in the…