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© 2024 The Weekly SOURCE
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Tas: Deloraine welcomes hostel expansion

1 min read

Deloraine residents have received an aged care boost with the Kanangra Hostel opening its $1.3 million extension. The Hostel can now provide care for 48 residents, with the addition of nine new beds.

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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
Acquisitions

Breaking news: For Purpose Investment Partners’ aged care platform buys Graeme Croft’s Signature Care

For Purpose Aged Care Australia (FPACA), the aged care provider established by social impact investment vehicle For Purpose Investment Partners (FPIP), is moving forward on its vision of reaching 5,000 beds, acquiring 14 aged care homes – eight on...

Lauren Broomham
24 Apr 2024
Opinion

576 village sellers are waking up: buyers are knocking on doors as the demand and supply penny drops on seniors accommodation

With Aveo selling 16 villages and RetireAustralia, with 29 villages, now also up for full sale (again), we hear a lot about these big players in seniors accommodation, but little about the little guys – and there are a lot of them. In fact we have...

Chris Baynes
22 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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Opinion

Surf Coast Shire approves Summerset Villages’ new plans for retirement village days before VCAT hearing

The New Zealand operator’s amended plan for a retirement village of 191 independent living units (a reduction of five independent living units) in the seaside resort of Torquay, 97km southwest of Melbourne’s CBD, has been approved by the council on...

Ian Horswill
22 Apr 2024
Opinion

576 village sellers are waking up: buyers are knocking on doors as the demand and supply penny drops on seniors accommodation

With Aveo selling 16 villages and RetireAustralia, with 29 villages, now also up for full sale (again), we hear a lot about these big players in seniors accommodation, but little about the little guys – and there are a lot of them. In fact we have...

Chris Baynes
22 Apr 2024
Opinion

Opinion: Government’s bid to stagger latest aged care wage rise reflects need for funding reform

The aged care is facing competition from childcare and other sectors in its bid for a Government-funded wages boost. As we reported as soon as the submission was reported last Friday, the Federal Government has committed to fully funding the Fair...

Lauren Broomham
18 Apr 2024
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