Topic - Editorial

Warning for village operators: thieves rob nine homes in QLD retirement village

Mar 12 2018 Updated May 3, 2023

The Weekly Source

1 min read

The Carlyle Gardens Townsville retirement village

At least nine homes were targeted last week at the Carlyle Gardens Townsville village, prompting police to issue a warning about the importance of locking screen doors.

A good reminder for operators to warn residents about personal safety too.

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

07 Jul 2025

Opinion

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

By our calculation up to 35-40% of retirement village contracts could have their DMFs voided as well if applied across the country. We can’t see this actually happening but we do believe lawyers received a mid year Christmas present yesterday when...

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Chris Baynes

08 Jul 2025

Aged Care

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

KPMG’s eighth annual review of the Australian aged care market features the ranking of the top 25 residential aged care providers, with Opal HealthCare retaining its number one spot.

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Caroline Egan

26 Jun 2025

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

Uniting AgeWell now has 21 aged care facilities – 13 in Victoria and 8 in Tasmani

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Caroline Egan

10 hours ago

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

18 hours ago

Topic - Acquisitions

Mergers & Acquisitions

Three years after $1B+ valuation, RetireAustralia faces $850M sale

Infratil and NZ Super put its jointly owned business RetireAustralia on the market in March 2022 with a reported price tag of over $1 billion. With its profits soring, the joint owners announced it was off the market in December 2023. In April last...

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Ian Horswill

08 Jul 2025

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