Editorials

Tall Trees confirms the growing interest in the supported living model of retirement villages

Apr 18 2016 Updated May 3, 2023

The Weekly Source

1 min read

Queenslands Tall Trees has seen selling a steady three ILUs a month at the Redland Bay village they were contracted to manage by the now troubled financier LM, who picked it up as a distressed asset from Peet post the GFC. Tall Trees changed the model from a traditional village to its supported living model. They operate under the Retirement Village Act but delivers low and high care and in under a user pays system. The 39 apartments are sized 60-80 sqm and sell for $415k to $515K. I was completed in August 2011 and has just three ILUs left to sell.

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

22 Apr 2024

Topic - Aged Care

Breaking news: For Purpose Investment Partners’ aged care platform buys Graeme Croft’s Signature Care

For Purpose Aged Care Australia (FPACA), the aged care provider established by social impact investment vehicle For Purpose Investment Partners (FPIP), is moving forward on its vision of reaching 5,000 beds, acquiring 14 aged care homes – eight on...

Lauren Broomham

24 Apr 2024

Opinion

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

With Aveo selling 16 villages and RetireAustralia, with 29 villages, now also up for full sale (again), we hear a lot about these big players in seniors accommodation, but little about the little guys – and there are a lot of them. In fact we have...

Chris Baynes

22 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

St Vincent’s Health Australia still determining what data taken by hacker

“We are managing some important network disruptions as part of our remediation works,“ St Vincent’s Health Australia said in its latest statement

Ian Horswill

10 Jan 2024

The Daily RESOURCE

Aged care homes on Sydney’s Northern Beaches directed to ban visitors after NSW records five new COVID-19 cases – one an aged care worker

NSW has recorded a further five COVID-19 cases overnight after a 45-year-old man was the first confirmed case of community transmission in more than two weeks on Wednesday. NSW Health has confirmed two Northern Beaches residents returned positive...

The Weekly Source

17 Dec 2020

The Daily RESOURCE

Aged care regulator notches up record 5,500 assessments in September quarter – but most contacts carried out remotely

You can check out the report here

The Weekly Source

17 Dec 2020

The Daily RESOURCE

Aged Care Minister pledges to release reports into COVID outbreaks at St Basil’s and Heritage Care’s Epping Gardens before Christmas – confirms he wants to stay in portfolio

As we reported here last week, Labor has been pushing the Government to release the independent reports which were completed in November and were due to be released on 30 November (three weeks ago). St. Basil’s Home for the Aged in Fawkner and...

The Weekly Source

17 Dec 2020