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Ian
Horswill

Mergers & Acquisitions

Eureka acquires its fourth all-age rental community with promise of more to come

In February, the nation’s only pure-play over-50s rental community provider announced its expansion into the all-ages rental market with the acquisition of Kin Kora, a mixed-use residential village and caravan park in Gladstone, 517km northwest of Brisbane.

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Ian Horswill
12 hours ago
Development

Uniting NSW.ACT’s $1.5B pipeline guided by 80/20 development strategy

Retirement living is firmly in the growth spotlight for Uniting NSW.ACT, with the organisation targeting an 80/20 development mix – 80% independent living units and 20% residential aged care beds.

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Ian Horswill
13 hours ago
Development

Odyssey Lifestyle Care Communities’ Hope Island, Gold Coast, vision for retirees approved

Phil Usher’s private aged care venture, operating under the Retirement Villages Act and backed by super fund Australian Retirement Trust (formed from the merger of Sunsuper and QSuper), has received approval from the City of Gold Coast for his...

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Ian Horswill
14 hours ago
Awards

Meet the Best Community Development finalists at National Retirement Living Summit

The One Fell Swoop sponsored award, which will be named at the Retirement Living Council’s annual National Retirement Living Summit, which takes place in Brisbane from 18-20 June, is for new developments that have been completed in the previous...

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Ian Horswill
16 hours ago
Community Living

GreenFort and Gaw Capital plan 3,000 land lease homes – more than double original target

The economic conditions propelling the rapid growth of land lease communities is not stopping. In June last year Green Fort, the alternative real estate fund manager behind Reside Communities’ five luxury retirement villages, announced it was...

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Ian Horswill
16 hours ago
Housing News

First modular homes for more than 65,000 on NSW social housing waitlist

The NSW Government, which has a gowing wait list of people needing social housing, 11,161 priority approved and 54,597 general approved. has announced the first factory built modular social homes are nearing completion. Three modular homes are being...

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Ian Horswill
17 hours ago
Development

Delay pays off for The Village Retirement Group as 50% of The Village Manly, Brisbane, Stage 1, sells in six months

With the incoming contribution for a three-bedroom apartment $1.3 to $1.6 million, 38 apartments are for sale in Stage 1 in what is considered one of the finest locations for a retirement village in Queensland. The Village Manly, a partnership...

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Ian Horswill
17 hours ago
Legal Issues

Village operator Retirees WA responds to ABC report on legal action involving former CEO’s husband

The Western Australian Not For Profit, which operates 19 retirement villages wih 290 units and two aged care facilities with a total of 200 beds, runs a scheme for discounted funerals. The operator issued a statement on Tuesday, 27 May, after the...

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Ian Horswill
18 hours ago
Development

Plantation Retirement Resort lodge plans for sixth village: 242 apartments on QLD’s Sunshine Coast

Prominent Sunshine Coast developer Mal Pratt and co-directors Dale Massie and Leanne Jones have lodged code assessable plans for its sixth over 50s retirement village in the popular region of southern Queensland. Plantation Retirement Resort has...

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Ian Horswill
18 hours ago
Community Living

Meet the two founders behind new land lease community operator Hamlet Living, chaired by Lifestyle Communities’ James Kelly

A new land lease business, aiming for two to four hectares of land for 50 to 100 homes, has been launched by newcomers Cecelia Hund and James E. Kelly, the nephew of the Co-Founder and former Managing Director of Lifestyle Communities.

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Ian Horswill
30 May 2025
Retirement and Community Living

FY25: Ryman Healthcare lifts builds and sales, but vacancy rates rise

Christchurch-based continuum-of-care provider Ryman Healthcare, which operates villages across Australia and New Zealand, built 950 dwellings in the year to 31 March 2025 – comprising 591 retirement living units and 359 care suites – a 29% increase on the previous year.  However, the number of unoccupied units rose to 1,239 (12.7% of the portfolio), following the opening of four new villages during the period.

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Ian Horswill
30 May 2025
Funding

Aspen Group raises $70M, launches bid for additional $4M in capital raise

The ASX-listed affordable accommodation provider – known for owning all its properties and projects – announced a Security Purchase Plan (SPP) on Wednesday (28 May), offering existing investors the opportunity to acquire up to $30,000 in Aspen securities without incurring broker fees, commissions, or other transaction costs.

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Ian Horswill
30 May 2025
Sector Moves & People

NSW Fair Trading announces new Commissioner for retirement living and land lease regulation

NSW Trading has appointed Angus Abadee as NSW Strata and Property Services Commissioner after having served as Interim Commissioner since December 2024. The Strata and Property Service Commissioner leads NSW Fair Trading’s oversight of the strat...

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Ian Horswill
30 May 2025
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The Weekly SOURCE is published by DCM Media

editor@theweeklysource.com.au

18/37 Nicholson Street
Balmain East
New South Wales 2041

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The Weekly SOURCE is published by DCM Media

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18/37 Nicholson Street
Balmain East
New South Wales 2041

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