1. Residents and government will increasingly expect care to be delivered into
villages. Fred Huckerby of Blue Care championed the term integrated. This
means operators will have to provide ageing in place housing designs and
management that is trained to support increasingly frail and dependent residents.
2. The rush to buy villages by the big, new players is over. They now have the size
and as importantly, the land banks, to make them an asset class and investment
grade.
3. Marketing will now become king. The industry challenges, according to John
Martin of Babcock & Brown Communities, are:
Increase the profile of the industry
Educate investors and retirees about retirement living
Market the value proposition of villages and DMFs
Rid the perception that retirement is for old people
Promote benefits to health of retirement living
66 recipients of Aged Care Capital Assistance Program grants announced
The Australia Government has announced 66 recipients of its Aged Care Capital Assistance Program with grants worth $300 million. The largest - a grant of more than $50 million - has gone to Southern Cross Care (QLD) to build a new 94-bed residential care home in Broken Hill, NSW.