Money

Dec 16 2010 Updated July 4, 2023

The Weekly Source

1 min read

Bankwest is back in the game, continuing to support existing clients and looking for new opportunities. New Head of Strategy and Industry Specialisation (and QLD State Manager), Peter Winterflood, is moving around the country clarifying that Bankwest wants to continue to be a significant lender for both care and villages (preferably a combined product). Bankwest has retained its village and care specialist in every state, all operating independently of distant parent, the Commonwealth bank.

VCAT rules Lifestyle Communities’ DMF model illegal

Lifestyle Communities’ business model is under serious threat after a ruling by VCAT President Justice Ted Woodward found its exit fee structure to be illegal. The ASX-listed land lease operator, which was valued at $861.9 million and placed in...

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Ian Horswill

07 Jul 2025

Opinion

The law is an ass – and it has cost Lifestyle Communities $1.5 billion and counting

The tribunal in Victoria has ruled the contract requirement of departing residents from land lease operator Lifestyle Communities is void based on a legal/legislative wording, despite residents being well informed when they signed that contract...

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Chris Baynes

15 Jul 2025

Government Policy

Elderly couple conduct their own observations as Single Assessment System moves to phone calls to clear backlog

Assessment organisations, which have operated under the Single Assessment System (SAS) since 1 January 2025, are conducting assessments by phone or Telehealth to clear significant backlogs. Older Person’s Advocacy Network CEO Craig Gear OAM said, roadblocks in the SAS must be urgently addressed.

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Caroline Egan

16 Jul 2025

Community Living

Catholic Healthcare investing $600M to build connected communities across NSW

One of Australia’s largest Not For Profit providers of home care, residential care and retirement living services, is investing over $600 million over the next five years in five innovative connected communities in New South Wales. “We’ve spent...

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Ian Horswill

07 Jul 2025

Rockpool lodges plan for new aged care home in Southport, Gold Coast, QLD

Construction of Rockpool Northshore Brisbane, a 153-bed aged care home 8km northeast of the Brisbane city centre, is well underway, with Rockpool CEO Melissa Argent also announcing a new development in Southport on the Gold Coast.

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Caroline Egan

16 Jul 2025

Development

Woolworths’ aged care plans for Coorey, Noosa, QLD, advance

Australia’s largest supermarket operator Woolworths, which recorded net profit after tax of $1.7 billion in 2023-24, has plans to develop its site in Cooroy, 135km north of Brisbane, including a proposal to build a 120-bed aged care home, now at public notification stage.

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Caroline Egan

16 Jul 2025

Development

Infinite Care’s first VIC aged care home receiving strong interest 3 months from opening

Construction of Infinite Care’s first Victorian aged care home is progressing, with Infinite Knoxfield expected to welcome its first residents by late October 2025. It’s second Melbourne aged care home, in Windsor, is also expected to open this year, with Infinite Care CEO Luke Greive pledging a commitment to expansion.

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Caroline Egan

16 Jul 2025

Development

Why land lease is a winner: Thyme Lifestyle Resort Evans Head, in NSW’s Northern Rivers, has 90% of homes sold with 53% capital gain in 3 years

Owner Serenitas held its “Final Open Day” on 12 July for the last homes being released, from $806,000, at the over 50s lifestyle resort built on 8ha within walking distance of the beaches of Evans Head. It is also offering up to $25,000 for buyers...

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Ian Horswill

14 Jul 2025