Number of reverse mortgages now 42,000 and worth $3.3B

Jun 24 2012 Updated July 4, 2023

The Weekly Source

1 min read

Rather than buying into a village, 3,800 ageing Australians took out a reverse mortgage last year, according to research by Deloitte. The average age is 75. This compares to over 12,000 ILU sales last year however.

RIP: We are seeing the death of the family-run aged care operator

It feels like I am writing an obituary to family-run aged care facilities. Once the backbone of the sector, multi-generation operators are now selling out at a pace not seen before. The sell-off is accelerating, with three landmark deals in just two...

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Lauren Broomham

11 Sep 2025

Mergers & Acquisitions

Opal HealthCare powers ahead with triple Victorian acquisition

Australia’s largest aged care operator, Opal HealthCare, has added three more homes to its Victorian footprint after completing the acquisition of Australian Aged Care Group (AACG) on 1 September 2025.

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Caroline Egan

09 Sep 2025

Mergers & Acquisitions

Scape’s Craig Carracher: Aveo deal cost closer to $4.5B, not $3.85B

Brookfield Asset Management hailed the sale of Aveo as the largest direct real estate transaction in Australian history, quoting a price tag of $3.85 billion.

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Ian Horswill

08 Sep 2025

Opinion

Is the DMF model dead? Anglicare CEO Simon Miller says yes

After buying 50% of LDK Senior’s Living from Cromwell Property Group in November 2022, Anglicare CEO Simon Miller is going all in on private aged care. Speaking at the DCM Group’s Ask the Visionaries’ Anything breakfast forum at...

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Ian Horswill

16 Sep 2025

The Pure Food Co launches internationally-inspired specialised texture modified meals for aged care

With new aged care quality standards set to force operators to provide greater choice at meal times, the nutrition technology innovator has launched a range of internationally-inspired specialised meals to give every resident a taste of home. The...

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Ian Horswill

03 Sep 2025

Ageing

SATURDAY sounds the alarm: Dementia is ‘galloping’ through retirement villages

Dementia rates in villages are climbing fast – but with limited staff, legal barriers to moving residents, and no clear safety net, operators risk being caught off guard. Where are the biggest risks – and what’s being tried to fix them? Find out in this week’s SATURDAY, our premium digital magazine.

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Lauren Broomham

11 Aug 2025

Ageing

Sector Moves & People

Former Newcastle Lord Mayor and prominent developer Jeff McCloy dies aged 75

The builder behind Newcastle’s John Hunter Hospital and several major retirement village projects has been remembered for his vision and love of the Hunter Region. He passed away, surrounded by family and friends on Queensland’s Gold Coast, at 1pm...

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Anglicare Southern Queensland open first specialist dementia care units on Gold Coast

The Australian Government Department of halth, Disability and Ageing has given $2.6 million to the has been spent unit at the Abri Residential Aged Care Home in Southport. The SDCP unit will be delivered through funding from the Commonwealth...

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Ian Horswill

12 Jun 2025