The Property Council Retirement Outlook seminar in Sydney this week attracted 220 people to hear Macroplan Dimasi economist Jason Andersons review of the sector. Panellists Derek McMillan (CEO of Australian Unity Retirement) and Peter Brown (now Chairman of Metlifecare NZ and Forest Place Group - pictured) were forthright in their views about future demand and the governments approach to care packages. McMillan pointed out that every year since he became CEO (2005) the average age of entry in his 2000 ILUs has increased by one year to an average of 79 now. Brown stated 80 was the new norm in his Aveo experience. They believe Government will have to review policy, separating accommodation from care, allowing increased care to be efficiently delivered into villages. Brown pointed to the NZ Metlifecare continuum of care model, predicting it will become the model for Australian villages in the medium term.
Government Policy
The three aged care bombshells from Senate Estimates
Last week’s Senate Estimates hearing – held just three weeks before sweeping reforms roll out – gave politicians the chance to ask Government heavyweights the questions they’re getting from constituents and to interrogate the once-in-a-generation changes.
