Topic - Aged Care

Got weed? More than 500 marijuana plants found at former Sydney aged care home

Feb 06 2018 Updated May 3, 2023

The Weekly Source

1 min read

The marijuana crop found at the building. Credit: NSW Police

Police located the crop growing under hydroponic lights at the vacant Wynleigh Nursing Home in Strathfield, 12km west of the CBD, after a raid last week.

The plants have now been destroyed, along with the hydroponic equipment.

No charges have been laid yet.

Brookfield sells retirement village operator Aveo for $3.85B

Brookfield Asset Management, a leading global alternative asset manager headquartered in New York with over US$1 trillion of assets under management, has agreed to sell its retirement living platform, Aveo, to The Living Company for A$3.85 billion...

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Ian Horswill

26 Jun 2025

Legal Issues

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

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Opinion

What does the ‘voiding’ of the land lease DMF in Victoria mean for retirement villages?

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Chris Baynes

08 Jul 2025

Aged Care

Australia’s top 25 residential aged care providers ranked: KPMG

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Caroline Egan

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Melbourne’s Latvian Community aged care facility transferred to Uniting AgeWell

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Caroline Egan

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Retirement and Community Living

Legal Issues

Lifestyle Communities shares drop 37.22% as it appeals VCAT DMF ruling

The ASX-listed land lease community operator will appeal a Victorian tribunal ruling that struck down its Deferred Management Fee (DMF) clause – and seek a stay on the orders while the process plays out. The VCAT decision, handed down on Monday (7...

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Ian Horswill

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Mergers & Acquisitions

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Ian Horswill

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Retirement and Community Living

Development

Corio Projects’ $170M seniors living development in Sydney’s inner south approved

Corio Projects has been given the green light for 170 independent living units and a 34-bed residential care facility across six buildings up to eight storeys in Rosebery, 6km south of Sydney’s CBD. The NSW Government Department of Planning...

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Ian Horswill

08 Jul 2025