Stockland confirms improved sales conditions

Apr 23 2009 Updated July 4, 2023

The Weekly Source

1 min read

Across Australia village operators are reporting a rebound in sales in March, with several reporting they have matched the March monthly target set in budgets July last year. Stockland revealed to institutional investors that its average monthly sale in its Retirement Village division was 29 ILUs for the July to December quarter, jumping to 36 ILUs per month in the January to March 09 quarter.

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

Opinion

The law is an ass – and it has cost Lifestyle Communities $1.5 billion and counting

The tribunal in Victoria has ruled the contract requirement of departing residents from land lease operator Lifestyle Communities is void based on a legal/legislative wording, despite residents being well informed when they signed that contract...

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Chris Baynes

15 Jul 2025

Government Policy

Elderly couple conduct their own observations as Single Assessment System moves to phone calls to clear backlog

Assessment organisations, which have operated under the Single Assessment System (SAS) since 1 January 2025, are conducting assessments by phone or Telehealth to clear significant backlogs. Older Person’s Advocacy Network CEO Craig Gear OAM said, roadblocks in the SAS must be urgently addressed.

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Caroline Egan

16 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

A rights-based aged care system: who is the government kidding?

The government claims a rights-based aged care system, but delays, rationed care, and massive waiting lists tell another story. 88,000 are waiting for home care and even Health Minister Mark Butler says almost every aged care facility he visits is full.

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StewartBrown: Aged Care Quality and Safety Commission’s liquidity standards modelling out of date

The highly trusted aged care accountants StewartBrown have warned the Aged Care Quality and Safety Commission’s latest liquidity ratios proposal could constrain investment in new aged care beds.

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Caroline Egan

16 Jul 2025

Government Policy

Consultant Liquid Interactive earns nearly $30,000 per day to operate and update My Aged Care for reforms

The Department of Health, Disability and Ageing has awarded digital consultants Liquid Interactive a $476,432 extension on its contract to “operate and enhance” My Aged Care making the total contract worth $27 million, or nearly $30,000 per day.

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Govt funding for care management “far exceeds” cost to home care providers

The Department of Health, Disability, and Ageing’s Financial Report on the Australian Aged Care Sector 2023-24 showed EBITDA for home care increased 77% over the year to $4.88 per care recipient per day driven by improved results for the bottom three quartiles.

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Caroline Egan

16 Jul 2025