Lend Lease Primelife reveals OK 2008 and improving 2009 sales

Aug 20 2009 Updated July 4, 2023

The Weekly Source

1 min read

LLPs report to institutional investors revealed its sales had declined from 818 ILUs in financial year 2008 to 668 ILUs to June 2009, a drop of just 18%. This compares with reports of up to 40% drop in sales for other operators. In fact their resales have increased from 35 per month in 2008 to 40 per month this financial year with an average sale rate of $298,000, a 10% price growth.

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

What does the ‘voiding’ of the land lease DMF in Victoria mean for retirement villages?

By our calculation up to 35-40% of retirement village contracts could have their DMFs voided as well if applied across the country. We can’t see this actually happening but we do believe lawyers received a mid year Christmas present yesterday when...

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Chris Baynes

08 Jul 2025

Mergers & Acquisitions

“Aveo is a fantastic business, run by a fantastic management team”: Scape CEO Stephen Gaitanos backs landmark $3.85B acquisition

Scape Australia CEO Stephen Gaitanos has praised the leadership of retirement living operator Aveo, following its acquisition by The Living Company – Scape’s parent – for $3.85 billion, in what is now the largest direct real estate transaction...

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Ian Horswill

30 Jun 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

Govt needs to bring forward review of aged care accommodation funding: Uniting NSW.ACT

Not For Profit Uniting NSW.ACT, which is the largest provider of support to older people of limited means in NSW and the ACT, is calling on the federal Government to urgently bring forward its planned review of aged care accommodation funding for clients who cannot cover the cost of aged care services.

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Mates seek Govt funding for Cunnamulla QLD aged care after home closed in 2020

When Daniel Manley and Brett Sandy went to their community in Cunnamulla, 800km west of Brisbane, floating the idea of opening an aged care facility in the town, they received 47 applications in 10 minutes and had to take the proposal down from the...

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Govt’s IT systems might not be ready by 1 November: reports

The Saturday Paper reported last week that the Department of Health, Disability and Ageing’s IT overhaul, intended to underpin aged care reforms coming in on 1 November, is behind schedule and may not be completed until April next year. The 2024-25...

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Caroline Egan

09 Jul 2025

Government Policy

Exclusive: Health Dept’s Single Assessment System is failing seniors

Older Australians are being told they will have to wait up to nine months to be assessed for Government-funded aged care amid a litany of problems with the Single Assessment System (SAS), with some waiting for assessments that will never be...

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Caroline Egan

09 Jul 2025