Ageing

QLD council buries cemetery idea

Aug 20 2019 Updated May 3, 2023

The Weekly Source

1 min read

The ageing population of Magnetic Island in QLD won’t be getting a new cemetery.

A quarter of the island’s residents are over 65 and want to stay on the island once they’ve passed away, but their only alternative is to deposit their ashes in a wall on state-owned land run by the Lions Club.

Lion’s President, Ian Ive says, “I’ll be in there before they fill it all up.”

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...

Click here

Ian Horswill

07 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...

Click here

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...

Click here

Ian Horswill

07 Jul 2025

Government Policy

Regulator locks in new liquidity standards for aged care providers

The Aged Care Quality and Safety Commission (ACQSC) has released its consultation report on the draft Financial and Prudential Standards set to come into effect under the new Aged Care Act from 1 November 2025 – and as expected, the core liquidity...

Click here

Lauren Broomham

03 Jul 2025

Summerset’s second Melbourne retirement village to open early 2026 as new sales record set

Summerset has posted its strongest quarterly sales on record, with 402 sales for the quarter ending 30 June 2025 – comprising 222 new sales and 180 resales – according to a market update released to the NZX and ASX. It marks the New...

Click here

Ian Horswill

39 minutes ago

The Weekly SOURCE

Mergers & Acquisitions

Levande marks seventh retirement village site acquisition in two years

The retirement living operator has acquired the development rights from Mirvac to build a retirement village at Oatlands Golf Club, a private golf club just beyond Parramatta’s CBD, about 18km northwest of central Sydney. Levande is partnering with...

Click here

Ian Horswill

3 hours ago

Development

St Bart’s proposed 80-bed Perth aged care home for the homeless one step closer

Western Australia’s Metro Inner Development Assessment Panel has recommended approval of St Bart’s aged care facility on Brown Street, East Perth, which will provide 80 aged care beds for people over 50 who have a history of homelessness.

Click here

Caroline Egan

09 Jul 2025

Development

Community Home Australia opens supported living opposite Westmead Hospital in Sydney’s West

Dementia care and disability support provider Community Home Australia has opened ‘Kora House’, a four-storey, 18-studio supported living facility across the road from Westmead Hospital, with 150 applications so far.

Click here

Caroline Egan

09 Jul 2025