Development

50% of Watermark Residences in Chatswood, Sydney, pre-sold with opening date late 2024

Nov 07 2023 Updated November 16, 2023

Ian Horswill

1 min read

The construction of Watermark Residences by Pariter and Watermark Living is progressing with the fourth floor of the Swaines building (north-west facing) being progressively formed and poured, and the third floor of the Clubhouse now formed.

It is located on an elevated corner of Chatswood Golf Course.

These contemporary retirement development is the cornerstone of a multi-dimensional precinct that will be known as Newgreens Chatswood, with golf club members, residents and the local community will enjoy dining, entertainment, and recreation spaces.

RLC and StewartBrown lobbying sees retirement village operators’ proposed liquidity ratio cut from 10% to 2%

Daniel Gannon, Executive Director of the Retirement Living Council, said the Aged Care Quality and Safety Commission’s proposal to make residential aged care providers operating independent living units (ILUs) and retirement villages retain 10% of ILU and retirement village refundable amounts as liquid funds from 1 July this year, has been reduced to 2%.

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Ian Horswill

26 May 2025

Mergers & Acquisitions

Aveo’s preferred buyer Scape reveals new senior housing business Living Co

Stephen Gaitanos, the Co-Founder, Managing Director and Group CEO of Scape Australia, the country’s leading residential-to-rent owner and operator, has told Mingtiandi’s Singapore Forum that the group will provide accommodation for seniors.

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Ian Horswill

19 May 2025

Sector Moves & People

ECH Chief Executive Claire Scapinello resigns after three years in role

In a surprise move, Claire has left South Australia’s largest retirement living provider just months after being elected Vice-President of the peak body, the Retirement Living Council, in February.

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Ian Horswill

22 May 2025

Redevelopments

$194M revamp of Uniting Wesley Gardens to deliver continuum of care on Sydney’s Northern Beaches

The existing residential care home will be demolished by the Not for Profit for retirement and independent living apartments, co-located with on-site support services, including a new aged care home. Simon Furness Uniting has considered the future...

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Ian Horswill

19 May 2025

Opal HealthCare’s cheeky marketing campaign inspires uptick in admissions

An Opal HealthCare advertising campaign featuring aged care residents living life to the full in the company of friends has not only sparked conversations about what it means to age well, it has resulted in increased enquiries and admissions in the locations the ads have been shown.

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Juniper CEO Russell Bricknell: two changes must happen now before aged care system collapses

The CEO of the Not For Profit aged care provider said the sector is on the brink of collapse as a new Aged Care Act comes into being on 1 July. Russell said government policy has made it impossible to achieve a 10% return to justify new investment...

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More than 500 aged care patients in Queensland hospital beds - how many nationally?

Queensland’s Health Minister, Tim Nicholls, has demanded the Federal Government invest more in building aged care beds in the state, saying of the 783 hospital patients waiting for an aged care bed: “This is a Commonwealth responsibility.“

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Aged care bed shortage will ‘bedevil’ hospitals: NSW Health Inquiry

A Special Inquiry into NSW’s public healthcare funding led by Commissioner Richard Beasley has recommended the NSW Government supplies aged care beds in circumstances were bed shortages are impacting hospital operations and care.

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Caroline Egan

29 May 2025