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© 2024 The Weekly SOURCE
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RVA perspective: Simon Owen, President and Acting CEO

1 min read

Well over $1 billion has been written off as values as falling sales and poor sentiment has taken a toll on what had been a boom market sector. There are encouraging signals, however with indication the worst is over with sales rates beginning to improve and new equity coming into the industry.

Top Stories
Community Living

Exclusive: Aveo to sell off its retirement villages in South Australia and Tasmania

Tony Randello, CEO of the nation’s leading retirement village provider, said the impending sale of its 16 retirement villages in South Australia and Tasmania “aligns with Aveo’s regular strategic review of opportunities across its portfolio”. The...

Ian Horswill
22 Apr 2024
Opinion

Opinion: what could be on the table for aged care on Budget night?

With just over four weeks until the 2024-25 Federal Budget is announced on 14 May, anticipation is building for Treasurer Jim Chalmers to restore some much-needed certainty to the aged care sector. As we report in this issue, the Shadow Minister for...

Lauren Broomham
11 Apr 2024
Government Policy

New Quality Standards will come into effect with new Aged Care Act: Department confirms

The Department of Health and Aged Care has confirmed that the strengthened Aged Care Quality Standards will be rolled out at the same time as the new Aged Care Act. “The strengthened Standards have been finalised and will come into effect in line...

Caroline Egan
11 Apr 2024
Development

Seniors housing faces becoming “the roadkill of the NSW planning system”

Two major policies recently exhibited by the NSW Department of Planning, Housing, and Infrastructure (DPHI) could have major implications on seniors housing, said Ethos Urban Director Daniel West. The Weekly SOURCE stated last Tuesday that Daniel...

Ian Horswill
16 Apr 2024
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Topic - Developments

Why three-year fight to build 233 independent living units in NSW Mid North Coast is doomed

Congarinni North Pty Ltd’s appeal to the NSW Land & Environment Court to build 233 independent living units with recreational facilities, residential and visitor car parking on a 57.3ha site at Congarinni North, 1km northwest of Macksville, in...

Ian Horswill
22 Apr 2024
Topic - Developments

Court conciliation sees $40M senior housing development approved on NSW Far South Coast

Much-needed senior housing is going to be built in the town of Merimbula, 240km southeast of Canberra. Matthew Pullinger, Acting Commissioner of the NSW Land and Environment Court, said conciliation talks between Bega Shire Council and the...

Ian Horswill
22 Apr 2024
Development

A sign of retirement living demand: AdventCare’s Stage 3 Pavilions Blackburn Lakes in Melbourne sold out as Stage 2 opens

The multi-award-winning Pavilions Blackburn Lake in Nunawading, 18km east of Melbourne’s CBD, is the definition of a perfect retirement community, according to Rob Macpherson, One Fell Swoop’s Retirement Living National Sales Director. “Stage 2...

Ian Horswill
22 Apr 2024
Topic - Developments

Keyton plant 1000 trees in major rehabilitation effort at its Sunshine Coast village development

Repeated protests have been held over the clearing for a co-located retirement living and aged care home on a five-hectare wallum habitat in Sunset Beach, about 3km from Noosa, identified as a priority feed area for the endangered Glossy Black...

Ian Horswill
22 Apr 2024
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