The RACV this week entered the retirement market with its purchase of the Royal Pines Resort on the Gold Coast for $60 million. This follows on from its Western Australian counterpart buying 50 percent of the St Ives Group. The RACV is thought to be considering a study into how it can improve its cash flow by embracing over 50s housing at its hotel / resort destinations.
The Weekly SOURCE
Peak bodies respond to Government’s delay of new Aged Care Act
The aged care sector’s peak bodies have been intensely lobbying the Australian Government and its Department of Health, Disability and Ageing to explain it was not fit and proper for implementation. “This decision is the result of months of...