Perhaps the most contentious and expensive regulation changes to the village sector for some years will come to the next week when the New South Wales government announces its new regulations, particularly on capital costs, and many being surprise amendments. The RVA at short notice engaged the industry to present a balanced view of village operations viability - affecting both for-profit and private operators. Many operators are unaware of the challenge to the viability of their businesses.
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...