NSW: UnitingCare makes $5.5 million Charlestown purchase.

Jul 19 2010 Updated July 4, 2023

The Weekly Source

1 min read

UnitingCare Ageing has purchased a former TAFE site in Tiral Street, Charlestown for $5.5 million.

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

Acquisitions

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

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

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

Albanese Government again seeks to phase in aged care workers’ pay rises

The Australian Government late on 12 April 2024 has advised the Fair Work Commission (FWC) it again wants to phase in the pay rises recommended for direct aged car workers. The indirect workers will receive the recommended pay rise in full on 1 January 2025.

Ian Horswill

12 Apr 2024

In the Headlines

LEADERS SUMMIT 2024: Watch and listen to the speeches from Aged Care Taskforce member Grant Corderoy, HammondCare CEO Mike Baird, and MinterEllison’s Penny Eden and Deanna McMaster

The speeches from the DCM Group’s LEADERS SUMMIT 2024 at the Hyatt Regency Sydney on 19 and 20 March 2024 continue to be discussed. The video of Group Homes Australia Founder and Executive Director Tamar Krebs and DCM Group CEO Chris Baynes is the...

Ian Horswill

09 Apr 2024

In the Headlines

This man has single-handedly killed Aspen’s takeover of Over 55s rental community provider Eureka

Eureka, the only pure-play over 55s rental accommodation provider in Australia, has told the ASX that Filetron, the business owned by Ben Cottle, founder, primary shareholder and Non-Executive Chairman of the FDC Group of companies, does not intend...

Ian Horswill

22 Mar 2024

In the Headlines

Does this pass the pub test? Direct aged care workers awarded wages rises of up to 13.5% by Fair Work Commission – but indirect care workers only given up to 6.8%

Workers across residential aged care and home care will receive wages rises between 3.2% and 13.5% after the Fair Work Commission (FWC) determined on Friday that their work has historically been undervalued. The Stage 3 decision in the long-running...

Lauren Broomham

18 Mar 2024