CPI: Living costs for aged pensioners are outstripping the CPI

Feb 17 2011 Updated July 4, 2023

The Weekly Source

1 min read

Sky rocketing utility bills, high fruit and vegetable prices and bigger medical costs are taking a toll on pensioners. According to the latest figures from the Australian Bureau of Statistics seniors got thumped with a 3.1% rise. The official CPI grew 2.7 per cent.

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

16 Apr 2024

Opinion

Opinion: what could be on the table for aged care on Budget night?

With just over four weeks until the 2024-25 Federal Budget is announced on 14 May, anticipation is building for Treasurer Jim Chalmers to restore some much-needed certainty to the aged care sector. As we report in this issue, the Shadow Minister for...

Lauren Broomham

11 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

Sector Moves & People

HammondCare names Andrew Thorburn successor to CEO Mike Baird

Andrew Thorburn, the former CEO of National Australia Bank and the Bank of New Zealand, has been appointed the next CEO of Not For Profit health and aged care provider HammondCare, replacing Mike Baird AO at the beginning of June. HammondCare Board...

Ian Horswill

08 Apr 2024

Retirement Living operator Aveo’s Baby Boomers survey reveals they want to live independently with services available

Australia’s leading retirement living owner and operator has released the findings of its Ageing Australia Study, a survey of more than 1,000 Baby Boomers, now aged between 58 to 77. Its findings show the Boomers want to reinvent living to focus on...

Ian Horswill

09 Apr 2024

Ageing

$2K for five-day Bali holiday with dementia care and support 24/7? It’s for real

Older people living with dementia, carers, or those who require disability support will now be able to travel to the resort island of Bali for five days - and receive all the care and support they require - for less than $2,000. Innovative dementi...

Caroline Egan

04 Apr 2024

Ageing

Residential aged care COVID-19 deaths drop from 4% of total deaths to 1%

There were 15 residential aged care deaths from COVID-19 in the week to 28 March 2024 - however, the rate of deaths from COVID-19 is declining. For the nine-month period from 1 July 2023 to 23 March 2024, 1.6% of all deaths in residential aged care...

Caroline Egan

04 Apr 2024

Ageing

LEADERS SUMMIT 2024: 7 video highlights - Christopher Pyne, Cam Ansell, Prue Bowden, Tamar Krebs, Tom Symondson, Darren Gossling and Chris Baynes

Prue Bowden, Group Executive | Home Health, Australian Unity

Ian Horswill

02 Apr 2024