b4bd41d32d7cdd58923497f6ee6476fa
Log in
Menu
Log in
Search
© 2024 The Weekly SOURCE
Archive

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

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.

Top Stories
In the Headlines

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
16 Apr 2024
Opinion

Opinion: what could be on the table for aged care on Budget night?

With just over four weeks until the 2024-25 Federal Budget is announced on 14 May, anticipation is building for Treasurer Jim Chalmers to restore some much-needed certainty to the aged care sector. As we report in this issue, the Shadow Minister for...

Lauren Broomham
11 Apr 2024
Sector Moves & People

HammondCare names Andrew Thorburn successor to CEO Mike Baird

Andrew Thorburn, the former CEO of National Australia Bank and the Bank of New Zealand, has been appointed the next CEO of Not For Profit health and aged care provider HammondCare, replacing Mike Baird AO at the beginning of June. HammondCare Board...

Ian Horswill
08 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
You might also like
In the Headlines

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
16 Apr 2024
In the Headlines

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
Log in