Cobar is a remote town in western NSW. For 30 years the local Council has been supporting Lillian Bray Village, a 34 bed hostel and care facility and now wants somebody else to take over given its losses. Ratepayers are subsidizing its $2.5 million annual budget by $200,000 a year. Between 2005 and 2010 it made losses of $335,000; in the past two years it made a surplus after subsidies of $14,000. This is a tip of the iceberg. Each week another Council declares it needs to unburden itself of a community care facility.
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...
