Minister opens $28 m Redfern Social Housing Project

Nov 25 2010 Updated July 4, 2023

The Weekly Source

1 min read

NSW Housing Minister Frank Terenzini has officially opened the $28 million Elizabeth Street Redfern Project - the first major public housing redevelopment in the inner city of Sydney for over 20 years. The new development is a mixture of small, multistorey buildings of modern seniors living units and terrace houses with backyards for families.

Brookfield sells retirement village operator Aveo for $3.85B

Brookfield Asset Management, a leading global alternative asset manager headquartered in New York with over US$1 trillion of assets under management, has agreed to sell its retirement living platform, Aveo, to The Living Company for A$3.85 billion...

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Ian Horswill

26 Jun 2025

Chris Baynes

Aveo transformation masterclass: turning $1.27B into $3.85B in 55 months

Today’s confirmation of the sale of Aveo is dated 26 June 2025. Brookfield took the keys to Aveo in November 2019, or four years and seven months ago. On first blush they made $2.58 billion profit in those 55 months, or did they make a lot more?...

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Chris Baynes

26 Jun 2025

Aged Care

Australia’s top 25 residential aged care providers ranked: KPMG

KPMG’s eighth annual review of the Australian aged care market features the ranking of the top 25 residential aged care providers, with Opal HealthCare retaining its number one spot.

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Caroline Egan

26 Jun 2025

Sector Moves & People

Simon Owen appointed Managing Director of Eureka Group Holdings

Simon Owen, currently CEO of ASX-listed Eureka Group Holdings, will take on the additional role of Managing Director from 1 July 2025.

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Ian Horswill

24 Jun 2025

Win for seniors housing as NSW clarifies planning rules

The low (one to two storeys)/ and mid-rise housing (three to six storeys) areas are residential zones within 800 metres walking distance from nominated town centres and nominated train/light rail stations

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Going nowhere fast: aged care is shrinking yet the sector’s money keeps growing

KPMG’s latest deep dive into the aged care sector is out today – and it confirms what many of us already know. Demand is rising. So is the money. But the sector? It’s still shrinking. Take home care. Government funding soared 29.2% to $8.8...

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Final Support at Home manual now scheduled for September: “not long enough” says Tom Symondson

The Department of Health, Disability and Ageing has confirmed the final version of the Support at Home manual won’t be released until September 2025, but Tom Symondson, CEO Ageing Australia, said the report should be released by 1 August.

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AlayaCare’s software one of the first to receive approval for Support at Home systems

Home care software platform AlayaCare has become one of the first providers to receive certification from Services Australia that is can integrate into the new Support at Home systems.

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Caroline Egan

26 Jun 2025