Retirement and Community Living

Lifestyle Communities shares drop 37.22% as it appeals VCAT DMF ruling

The ASX-listed land lease community operator will appeal a Victorian tribunal ruling that struck down its Deferred Management Fee (DMF) clause – and seek a stay on the orders while the process plays out. The VCAT decision, handed down on Monday (7...

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Ian Horswill

6 hours ago

Development

Hyegrove Willoughby gains home care approval ahead of September opening

Hyegrove Willoughby has secured approval to operate as a home care provider, with services set to launch in September alongside the opening of its high-end retirement village on Sydney’s Lower North Shore, 8km north of the CBD. Developed by...

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Ian Horswill

07 Jul 2025

Mergers & Acquisitions

Three years after $1B+ valuation, RetireAustralia faces $850M sale

Infratil and NZ Super put its jointly owned business RetireAustralia on the market in March 2022 with a reported price tag of over $1 billion. With its profits soring, the joint owners announced it was off the market in December 2023. In April last...

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Ian Horswill

08 Jul 2025

Government Policy

18,650 social and affordable homes funded as 370 homes repurposed

The Australian Government’s flagship Housing Australia Future Fund (HAFF) has agreed to fund 9,284 social and 9,366 affordable homes through 279 successful projects under the first two funding rounds of the HAFF and National Housing Accord Facility...

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Ian Horswill

04 Jul 2025

Development

Corio Projects’ $170M seniors living development in Sydney’s inner south approved

Corio Projects has been given the green light for 170 independent living units and a 34-bed residential care facility across six buildings up to eight storeys in Rosebery, 6km south of Sydney’s CBD. The NSW Government Department of Planning...

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Ian Horswill

08 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

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

Legal Issues

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

International

Macquarie to launch $5B senior housing platform - in the US

Sydney-based Macquarie Asset Management is launching a dedicated senior hiousing platform across the Pacific Ocean. It has linked with Chicage-based Health Wave Partners, a boutique investment firm specialising in high-quality senior housing across...

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Ian Horswill

07 Jul 2025

International

NZ retirement villages take more than 20 years to turn a profit: Grant Thornton

Retirement villages in New Zealand can take more than two decades to become profitable, according to a new study from auditor and advisory firm Grant Thornton. The report, The Path to Profitability, found the average retirement village reaches...

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Ian Horswill

07 Jul 2025

Awards

DCM Institute named one of the top L&D providers in Australia

The DCM Institute has been recognised as one of Australia’s leading learning and development providers by the Institute of Learning Performance Asia Pacific – a leading industry body of Learning and Development professionals with more than 3,000...

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Ian Horswill

07 Jul 2025

Community Living

GemLife lists on ASX with $1.6B valuation and bold pipeline of nearly 10,000 sites

ASX-listed land lease operator GemLife now has 32 communities and projects in its pipeline, with plans to deliver 9,836 sites across Queensland, New South Wales, Victoria and South Australia. GemLife debuted on the ASX last Thursday, marking a major...

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Ian Horswill

07 Jul 2025

Awards

Aura Holdings’ Somerset Indooroopilly scores top architecture award as $3.2M unit sets record

The newly unveiled Stage Two O’Connell buildings, which are named in honour of June O’Connell, and have 88 apartments, were opened in October last year. COX Architecture, which designed the retirement village expansion, was awarded one of nine...

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Ian Horswill

07 Jul 2025