VIC: State buys land at cut price for aged care

Nov 04 2010 Updated July 4, 2023

The Weekly Source

1 min read

The Victorian Government has secured the former St Vincent's Boys Home in South Melbourne at a discounted price, rumoured to be less than half the land's current commercial value. The land has been earmarked for a new aged care facility. The site is expected to be developed into a combination of ILU's and low and high care beds.

Keyton’s thought leadership in a sea of misunderstanding on what retirement villages are

Why has Keyton for the second year financed a Future of Retirement Living roundtable in Canberra plus a full page in the Australian? They identify two major problems: bureaucrats still don’t understand what retirement villages are and don’t...

Click here

Ian Horswill

21 Oct 2025

Government Policy

No excuse for providers to not be ready on 1 November: Aged Care Minister Sam Rae

Aged Care Minister Sam Rae has told ABC radio the Aged Care Rules have been in place for “a significant amount of time” and the Government has been listening to and supporting to the sector, “so, there really isn’t an excuse from any provider to not be prepared for 1 November”.

Click here

Caroline Egan

23 Oct 2025

Mergers & Acquisitions

Aged care consolidation continues: Regis Aged Care on the march

The ASX-listed operator has entered into binding agreements to acquire family-owned OC Health’s two remaining aged care homes for $45 million plus a $36 million liability for RADs. The purchase of Ocean Mist, in Torquay, a seaside town southwest of...

Click here

Caroline Egan

23 Oct 2025

Opinion

Aged care beds going backwards – where’s the outrage?

StewartBrown just dropped a number that should jolt the sector: average time on a Home Care Package has plunged from 3.6 years in FY24 to 2.4 in FY25. That’s not a tweak – it’s a cliff. And it speaks to the same uncomfortable truth across...

Click here

Lauren Broomham

23 Oct 2025

Aged care operator Hall & Prior in historic first

The $89 million Sister Kate’s Health and Aged Care Facility, on the in Queens Park, 11km from the CBD, will be developed by Hall & Prior Health & Aged Care Group in partnership with Sister Kate’s Children 1934–1953 Aboriginal...

Click here

Uniting NSW.ACT and Wyanga Aboriginal Aged Care to build aged care home afer buying site for $1

The City of Sydney Council will award the site, currently a $20 million 55-space car park in Sydney’s inner west, to the Uniting NSW.ACT and Wyanga Aboriginal Aged Care for a nominal fee of $1.

Click here

“One-size-fits-all reform will shrink rural aged care,” warns regional provider

Regional aged care models risk being collateral damage under the new Support at Home system, with co-contribution rules and transport pricing threatening both consumer access and provider viability, warns Staying in Place coordinator Helen Morton...

Click here

Government considering low-cost funding to help aged care operators build: Sam Rae

Click here

Caroline Egan

30 Oct 2025