Community Living

Finance

RetireAustralia back up for sale by owners Infratil and NZ Super for $1B+

The owner/operator of 29 retirement villages, which is about to open its sector-leading Aged Care Hub at The Verge At Burleigh on the Gold Coast, follows Aveo’s announcement it is selling 16 villages. After Mirvac and Pacific Equity Partners each...

Stockland wins DA approval on its first LLC in WA

The Sydney-based diversified property developer, intent on being the biggest land lease operator for seniors in Australia, has been given development approval for its first Over-55’s community in Western Australia (pictured). The $122.2 million...

Community Living

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...

Exclusive: Retirement by Moran finalises purchase of huge Wesley Taylor Village on Sydney’s Northern Beaches and reveals development vision

Managing Director Sally Taylor said Retirement by Moran can now proceed with plans to redevelop the whole of the 9,234sqm site of The Wesley Mission’s Wesley Taylor Village and Residential Aged Care home adjacent to the beach at Narrabeen. They took...

Acquisitions

Mirvac CEO Campbell Hanan meets Serenitas Managing Director Rob Nichols in Western Australia

Mirvac and Pacific Equity Partners Secure Assets agreement to pay $1.01 billion, for a 95% ownership, with Serenitas CEO Rob Nichols’ Tasman Capital Partners keeping 5%, has been settled. Now Mirvac’s Group CEO and Managing Director, Campbell...

Hitting new heights: New split-level land lease homes at GemLife Gold Coast from $1.2M

The $200 million land lease resort under construction in Pimpama, a northern suburb in the City of Gold Coast, has already taken more than $72 million in sales. Now the Over-50s lifestyle resort developer has launched its most expensive homes: 39...

Legal Issues

Court conciliation sees $40M senior housing development approved on NSW Far South Coast

Much-needed senior housing is going to be built in the town of Merimbula, 240km southeast of Canberra. Matthew Pullinger, Acting Commissioner of the NSW Land and Environment Court, said conciliation talks between Bega Shire Council and the...

Technology

Only in SATURDAY: will telehealth carts be the new norm for retirement villages and aged care?

Sydney-based aged care and retirement living provider Royal Freemasons’ Benevolent Institution (RFBI) has invested $300,000 to support its large footprint in rural and regional areas where many residents struggle to access healthcare quickly. The...

Development

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Exclusive: Retirement by Moran finalises purchase of huge Wesley Taylor Village on Sydney’s Northern Beaches and reveals development vision

Will “senior living focused” CAP developments take off with land shortages and high construction costs?

Developer WINIM, which has already launched two senior living focused developments in 2024, has another Community Apartment Project up and running. Sydney-based WINIM has appointed Rosebery builder Trescon to construct 18 single-level three-bedroom...

Stockland wins DA approval on its first LLC in WA

Surf Coast Shire approves Summerset Villages’ new plans for retirement village days before VCAT hearing

The New Zealand operator’s amended plan for a retirement village of 191 independent living units (a reduction of five independent living units) in the seaside resort of Torquay, 97km southwest of Melbourne’s CBD, has been approved by the council on...

Legal Issues

Court conciliation sees $40M senior housing development approved on NSW Far South Coast

A sign of retirement living demand: AdventCare’s Stage 3 Pavilions Blackburn Lakes in Melbourne sold out as Stage 2 opens

The multi-award-winning Pavilions Blackburn Lake in Nunawading, 18km east of Melbourne’s CBD, is the definition of a perfect retirement community, according to Rob Macpherson, One Fell Swoop’s Retirement Living National Sales Director. “Stage 2...

Legal Issues

Why three-year fight to build 233 independent living units in NSW Mid North Coast is doomed

Congarinni North Pty Ltd’s appeal to the NSW Land & Environment Court to build 233 independent living units with recreational facilities, residential and visitor car parking on a 57.3ha site at Congarinni North, 1km northwest of Macksville, in...

Housing News

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Housing

Anglicare Sydney opens new Over 55s social housing site at Port Kembla

Growthbuilt has built 30 studio apartments as social housing for over 55s for the Not for Profit on the former Steelworks Hotel site in the Wollongong suburb, 94km south of Sydney’s CBD. The $10 million development has been jointly funded by the NSW...

Hitting new heights: New split-level land lease homes at GemLife Gold Coast from $1.2M

Housing

Micro apartments: “The opposition we received, the costs... and the objections faced... was nothing short of extraordinary – and quite disheartening”

177 people applied for the 54 affordable Sydney teilhaus, or micro apartments, in a six-year project led by Fresh Hope Communities CEO Dan Dwyer and Melbourne-based Nightingale Housing CEO Dan McKenna. It was all smiles as NSW Minister for Housing...

Retirement and Community Living

Cam Ansell predicts private aged care in retirement villages is the growth service

About 11 years ago Cam Ansell jumped ship from advisory group Grant Thornton to establish his own advisory group, Ansell Strategic. Today he is at the forefront of the reshaping of retirement living and aged care, thanks to his in-demand mergers and...

Chris Baynes

26 Mar 2024

Only in SATURDAY: Retirement living energy revolution stores and distributes power and provides your own 5G network

With power prices increasing 40% in the past two years, and power outages becoming more commonplace, Mondo and Prospecta Utilities are offering something never experienced before in a retirement community. Mondo Business and Market Development...

25 Mar 2024

Housing News

Fresh Hope Communities moves into affordable living with innovating Nightingale Housing

The Not For Profit retirement living and aged care provider is launching a Build To Rent development with Melbourne-based Nightingale Housing in Marrickville, in Sydney’s Inner West. Designed by SJB, Nightingale Marrickville will have 54...

19 Feb 2024

Not for Profit

Only in SATURDAY: Community Home Australia (CHA) weighs up Bali ‘village’ for Aussie expats

The ink is barely dry on the deposit for its first international resort in Bali, but the innovative dementia care and disability provider already sees further opportunities to expand into accommodation for the growing Australian expat community. As...

Retirement and Community Living

13 Feb 2024

The Sleeping Giant: Retirement Living Council’s five demands for inclusion in FY25 Federal Budget

“Retirement communities are the sleeping giant of Australia’s health and housing landscape given the benefits they provide to consumers and governments alike,” says the Retirement Living Council as it makes a submission to the Federal...

06 Feb 2024

NZ village operator Summerset turns sod at second retirement village in Melbourne

An Aboriginal smoking ceremony took place as Summerset Group’s General Manager Development Australia Stewart Scott, General Manager Operations Eleanor Young (left) and General Manager Sales Kay Brodie turned the first sod at its second continuum...

20 Nov 2023

Opinion

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Opinion: Hospital wait times are a dire sign of the future that awaits ageing Australia

The latest data shows hospital beds are at a premium – and older Australians are the most likely to miss out. Is there a solution? As we report in this issue, emergency wait times are at their longest in a decade while surgery wait times are at...

23 Apr 2024

Surf Coast Shire approves Summerset Villages’ new plans for retirement village days before VCAT hearing

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

Chris Baynes

Finance

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Exclusive: Retirement by Moran finalises purchase of huge Wesley Taylor Village on Sydney’s Northern Beaches and reveals development vision

Finance

RetireAustralia back up for sale by owners Infratil and NZ Super for $1B+

Opinion: Government’s bid to stagger latest aged care wage rise reflects need for funding reform

The aged care is facing competition from childcare and other sectors in its bid for a Government-funded wages boost. As we reported as soon as the submission was reported last Friday, the Federal Government has committed to fully funding the Fair...

18 Apr 2024

Finance

$100M for new CHSP providers to wipe out the backlog

You can access information about the grant here

18 Apr 2024

The Economy

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Government Policy

“Development pipeline across sector not going to be sufficient for ageing population”

“The development pipeline across the industry is not going to be sufficient for the ageing population,” Tony told the Property Council

20 Nov 2023

Aged Care

Opinion: the next aged care crisis is here

Read more about Australia’s ‘true’ occupancy rate – and the consolidation taking place in the residential care sector in SATURDAY – subscribe here

26 Oct 2023

Only in SATURDAY – the real reason aged care beds are hard to find

The Department of Health and Aged Care puts occupancy at 86.2%. Our investigations differ To find out why, subscribe to our premium digital magazine SATURDAY HERE

26 Oct 2023

Home Care

Fiji PM hints at reducing PALM worker numbers

The Prime Minister of Fiji, Sitiveni Rabuka, has indicated that the number of unskilled or semi-skilled workers that come to Australia through the Pacific Australia Labour Mobility (PALM) scheme could be cut, which could limit an important source of...

26 Oct 2023

Community Living

New Zealand needs more retirement villages to meet the demand

A new report by real estate firm JLL on the sector across the Tasman Sea has found demand for places is outstripping supply. A total of 36 new villages were added to the development pipeline last year with 452 villages currently providing homes for...

28 Aug 2023

The Weekly SOURCE

Will retirement living operators heed the call in Western Australia?

The state government has said it seeks to collaborate with the property and construction industry to “increase the supply and diversity of social housing”. The Department of Communities states it is particularly interested in submissions that...

01 Aug 2023

Aged Care

IHACPA releases Consultation Paper for aged care funding in 2024–25

The Independent Hospital and Aged Care Pricing Authority (IHACPA) has released its Consultation Paper on the Pricing Framework for Australian Residential Aged Care Services 2024–25 and asking for submissions from relevant stakeholders. The report...

26 Jul 2023

The Economy

ONLY IN SATURDAY: Aveo Group CEO on making serviced apartments profitable

Serviced apartments, or assisted living options in retirement villages, have been a challenge for the retirement living sector. Ageing village serviced apartments with relatively high weekly fees to cover the mandated meals and other services are...