The Weekly SOURCE

VIC retirement village operators hit hard: mandatory Code of Practice, standardised contracts, annual checks, refurbishment not chargeable

Minister for Consumer Affairs Gabrielle Williams (pictured) last Wednesday introduced the Retirement Villages Amendment Bill into Victorian Parliament, claiming it gives residents in retirement villages some of the strongest protections in...

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Ian Horswill

02 Dec 2024

Home Care

Support at Home clinical care gross margin increases of up to 200% and sacrifice of non-clinical low margin services essential for sustainable future: StewartBrown

Respected aged care accountants StewartBrown will issue its latest Support at Home impact analysis tomorrow (Tuesday 3 December) – and it is a must-read.

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Lauren Broomham

02 Dec 2024

Legal Issues

SA retirement village operators hit: Buybacks cut, recurrent charges capped, Code of Conduct, mandated training

The new laws reforming South Australia’s Retirement Villages Act 2016 were passed by the state government last Wednesday evening, imposing required actions. “These changes mark a significant shift in the regulatory landscape, focusing on...

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Ian Horswill

02 Dec 2024

Opinion

Regulators and village staff have a message for Operators: ‘Training – it’s important’

In NSW, on the accepted recommendations of the Greiner Inquiry, village staff training was enshrined as a cornerstone requirement in the new (2019) Rules of Conduct. But operators are ignoring it. Our research says just 30% of villages (and...

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Chris Baynes

02 Dec 2024

News & Headlines

Meet the sector’s innovators in the final issue of SATURDAY magazine for 2024

Every day, leaders across the retirement living, land lease and aged care sectors are on the frontline, driving new approaches and solving the challenges facing the sector – so what are the names you need to know? In the final issue of SATURDAY...

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Lauren Broomham

03 Dec 2024

Community Living

The two major retirement village operators try to improve brand image

Keyton CEO Nathan Cockerill fronts a video entitled: Exiting a Keyton village, one of the supposed issues brought up by the recent ABC 7.30 programs

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Ian Horswill

02 Dec 2024

Community Living

Colliers’ Land Lease Community Market Overview: “significant growth fundamentals”

When Stockland CEO Tarun Gupta sold the 58 villages and 10 development projects underway in its Retirement Living business to Swedish investment firm EQT Infrastructure (EQT) for $987 million in February 2022, he made one very telling comment. As he...

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Group Editor

05 May 2023

Partnering With Westpac

“Are you going to increase your village staffing, with the emphasis on care?” Westpac Leading Conversations in Adelaide

DCM Group CEO Chris Baynes at the latest Westpac Leading Conversations at the Wharf in Adelaide asked “Are you planning to increase your village staffing?” David Moran, CEO of Southern Cross Care SA, NT & VIC; Jenny Hall, CEO of Uniting S...

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Ian Horswill

02 Dec 2024

Mergers & Acquisitions

Ingenia still a developer as it buys two greenfield sites for almost $30M

Seven days after publicly stating Ingenia Communities is pivoting from being an asset aggregator to an asset developer and operator, it bought two development-approved large greenfield sites in Queensland. Its Ingenia Lifestyles over 50s land lease...

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Ian Horswill

02 Dec 2024

Community Living

With house prices predicted to fall, New Zealand is a warning to all retirement operators

Sydney and Melbourne property prices are forecast to fall by as much as 5% next year as affordability challenges and no cuts in interest rates hit the property market, according to a new report by SQM Research. SQM Research’s Christopher’s Housing...

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Ian Horswill

02 Dec 2024

Community Living

This is not a retirement village or land lease community — it’s a Build to Rent

The Gladstone, which is South Caroline-based Greystar’s first Build to Rent tower in Australia, has opened its doors with two months’ free rent in Melbourne. The largest apartment manager in the US, with over 726,826 units/beds as of 2023 has...

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Ian Horswill

02 Dec 2024

Community Living

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Legal Issues

VIC retirement village operators hit hard: mandatory Code of Practice, standardised contracts, annual checks, refurbishment not chargeable

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Ian Horswill

Legal Issues

SA retirement village operators hit: Buybacks cut, recurrent charges capped, Code of Conduct, mandated training

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Ian Horswill

Opinion

Regulators and village staff have a message for Operators: ‘Training – it’s important’

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Chris Baynes

Community Living

The two major retirement village operators try to improve brand image

Keyton CEO Nathan Cockerill fronts a video entitled: Exiting a Keyton village, one of the supposed issues brought up by the recent ABC 7.30 programs

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Ian Horswill

Partnering With Westpac

“Are you going to increase your village staffing, with the emphasis on care?” Westpac Leading Conversations in Adelaide

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Ian Horswill

News & Headlines

Meet the sector’s innovators in the final issue of SATURDAY magazine for 2024

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Lauren Broomham

Community Living

Colliers’ Land Lease Community Market Overview: “significant growth fundamentals”

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Ian Horswill

Aged Care

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News & Headlines

Meet the sector’s innovators in the final issue of SATURDAY magazine for 2024

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Lauren Broomham

03 Dec 2024

Home Care

Support at Home clinical care gross margin increases of up to 200% and sacrifice of non-clinical low margin services essential for sustainable future: StewartBrown

Respected aged care accountants StewartBrown will issue its latest Support at Home impact analysis tomorrow (Tuesday 3 December) – and it is a must-read.

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Lauren Broomham

02 Dec 2024

Opinion

Wheel of fortune: who wants a 40-year-old aged care facility?

If you needed proof that the aged care bed drought is real, look no further than the latest Operation of the Aged Care Act 2023-24 which came out on Tuesday (26 November). Page 112 of the 144-page report reveals that the estimated value of building...

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Lauren Broomham

28 Nov 2024

Mergers & Acquisitions

Shalain Singh returns to the seniors sector with $585M healthcare hub transaction

The senior adviser has established his own healthcare and real estate firm – Arrow Advisory Group – focused on primary care, medical centres, retirement living, residential aged care and hospitals – and has just completed a major deal...

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Lauren Broomham

28 Nov 2024

Government Policy

Calvary Health Care pulls out of SA’s My Home Hospital partnership with Amplar Health

Through the Calvary Amplar Health Joint Venture (CAHJV), Calvary Health Care and Amplar Health have delivered SA Health’s My Home Hospital service, delivering hospital care in the home. The service has been operating for three years and treated more than 17,000 patients, including 2,500 aged care residents.

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Caroline Egan

28 Nov 2024

Aged Care

“We’ve got favourable winds”: Regis Aged Care Co-Founder Bryan Dorman’s departing words after 30 years

“I think we’ve got favourable winds for a few years ahead,“ he predicted at the meeting, which was held the day after the Government’s Aged Care Bill passed through parliament

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Caroline Egan

28 Nov 2024

Government Policy

History made: new Aged Care Act to be law

The Aged Care Bill 2024 was passed by the Australian House of Representatives on Monday and will become law. The Weekly SOURCE reported on Friday the Aged Care Bill 2024 had been approved in the Senate after four amendments sought by Shadow Minister...

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Caroline Egan

25 Nov 2024

Government Policy

The $18M contract to operate My Aged Care – the website with 56% customer satisfaction

The Department of Health and Aged Care has awarded digital consultants Liquid Interactive a $4.9 million extension on their contract to “operate and enhance” the My Aged Care website. The move takes the 2.5-year contract to an overall value of...

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Caroline Egan

28 Nov 2024

Aged Care

NSW Supreme Court jury finds police officer Kristian White guilty of manslaughter of aged care resident Clare Nowland

After an eight-day trial in the NSW Supreme Court, the jury began deliberations last Wednesday, taking four days to unanimously decide the 34-year-old Senior Constable was guilty of the manslaughter of 95-year-old Clare Nowland, after he Tasered her when she held up a knife up to him during an altercation in her Cooma aged care home, 114km south of Canberra.

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Caroline Egan

27 Nov 2024

Home Care

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Home Care

Support at Home clinical care gross margin increases of up to 200% and sacrifice of non-clinical low margin services essential for sustainable future: StewartBrown

Respected aged care accountants StewartBrown will issue its latest Support at Home impact analysis tomorrow (Tuesday 3 December) – and it is a must-read.

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Lauren Broomham

02 Dec 2024

Aged Care

St. Basil’s NSW/ACT’s three care services given individual identities

The Not For Profit aged care provider, which operates in Sydney’s east and was created by the Greek Orthodox Church, has announced improved food services, the expansion of its home care and community services operations, and revealed new logos. The...

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Caroline Egan

28 Nov 2024

Home Care

Home care management fees stay at 17% for six months, despite Govt plans for 10% cap

The Aged Care Act brought in by the Albanese Government includes the new Support at Home program, which will set a 10% cap for care management fees from 1 July 2025.

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Caroline Egan

28 Nov 2024

Saturday

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DIGITAL EDITION

Saturday

Issue 89 | Pioneers never stop growing

Issue 88 | DCM Institute: Striving for excellence

Issue 87 | Getting ‘match fit’ for the future

Issue 86 | The Landings: the private aged care success story

Issue 85 | Aged care optimism 2.0

Issue 84 | Care on demand: the new village value proposition

Lauren Broomham

13 Sep 2024

Conversation at the Wharf

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Partnering With Westpac

“Are you going to increase your village staffing, with the emphasis on care?” Westpac Leading Conversations in Adelaide

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Ian Horswill

Partnering With Westpac

VIDEO: Will baby boomers pay for additional services?

DCM Group CEO Chris Baynes asked David Moran, Chief Executive Officer at Southern Cross Care (SA, NT & Vic), Belinda Hegarty, National General Manager Healthcare & Professional Services – Westpac, Jenny Hall, CEO at Uniting SA, Geoff...

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Group Editor

Partnering With Westpac

Westpac Leading Conversations in Adelaide: Are retirement villages already low care?

DCM Group CEO Chris Baynes at the latest Westpac Leading Conversations at the Wharf in Adelaide asked “Are retirement villages already ‘low care’?”

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Ian Horswill

Partnering With Westpac

VIDEO: ‘Retirement village operators are having to provide at least low care’

The latest Westpac Leading Conversations at the Wharf in Brisbane featured Sean Graham, CEO of Aura Holdings; Jason Eldering, CEO of Southern Cross Care Queensland; Daniel Aitchison (pictured right), CEO of Palm Lake Care; Kaizaad Mehta, National...

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Ian Horswill

Spotlight Sponsored Content

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DIGITAL EDITION

SATURDAY Issue 72

Risky business: the challenge of dementia in the retirement village

With an increasing number of retirement village residents living with some form of cognitive impairment – and few avenues for operators to move them to higher-level care – how can village operators protect themselves and their communities? With...

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Lauren Broomham

DIGITAL EDITION

SATURDAY Issue 71

Does this look like an aged care facility to you? Why this provider wants more people living with dementia to stay at home

With people living with dementia for an average of 10 to 12 years, more Australians than ever are living with dementia at home – is it time for a rethink of the ageing journey? People living with dementia can live well at home, but it requires...

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Lauren Broomham

DIGITAL EDITION

SATURDAY Issue 70

From the top down: why dementia is now core business for village operator Keyton

The math doesn’t lie. Retirement villages are seeing an increase in the number of residents living with dementia – so how can operators get on the front foot? With the average age of retirement village residents now 81, and one in three...

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Lauren Broomham

DIGITAL EDITION

SATURDAY Issue 69

Hospitals are out, home is in: designing aged care when dementia is the norm, not the exception

80% of aged care residents are now living with some form of dementia or cognitive impairment – the pressure is on providers to deliver both a ‘home’ and a safe environment for residents and staff. Today’s aged care homes are seeing an...

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Lauren Broomham

What's On

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Development

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Development

New entrant has approval to build retirement village with 24/7 care in Port Stephens, NSW

Michael Coddington, the former CEO of Kurri Kurri Community Services, formed Imagining for Good and Building for Good Australia in January this year. He told Port Stephens Council of his plan, which was approved, to turn Tilligerry Plaza at Tanilb...

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Ian Horswill

Mergers & Acquisitions

Shalain Singh returns to the seniors sector with $585M healthcare hub transaction

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Lauren Broomham

Development

mecwacare’s $30M Ballan VIC aged care redevelopment to begin in January

Construction on the site in Ballan site, 80km west of Melbourne, is expected to start in January, with the $30 million redevelopment set to be completed mid-way through 2026.

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Caroline Egan

Development

Family owned Tulich Group seeks 210 “vertical retirement only village’ in Oran Park, Sydney

The development application for the group’s first retirement-only village has been filed with Camden Council. Tulich Group, which operates the award-winning retirement living and residential aged care facility The Royce in Penrith, adjacent to...

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Ian Horswill

Government

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Housing News

Build to Rent laws passed with forecast of 80,000 rental homes in 10 years

The tax incentives in the Treasury Laws Amendment (Responsible Buy Now Pay Later and Other Measures) Bill 2024 and Capital Works (Build to Rent Misuse Tax) Bill 2024 apply to Build to Rent (BTR) projects of 50 or more apartments or dwellings, made...

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Ian Horswill

Home Care

Home care management fees stay at 17% for six months, despite Govt plans for 10% cap

The Aged Care Act brought in by the Albanese Government includes the new Support at Home program, which will set a 10% cap for care management fees from 1 July 2025.

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Caroline Egan

Home Care

Govt to release 83,000 Home Care Packages in 2025-2026 with 76,000 on the wait list

The Manager of Government Business in the Senate and Minister for Finance, Senator Katy Gallagher, revealed that 83,000 Home Care Packages are due to be released in 2025-26, the largest number released in a single year, in response to questioning from Shadow Minister for Aged Care Anne Ruston in the Senate last Thursday.

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Caroline Egan

Government Policy

Calvary Health Care pulls out of SA’s My Home Hospital partnership with Amplar Health

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Caroline Egan

Government Policy

History made: new Aged Care Act to be law

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Caroline Egan

Opinion

Wheel of fortune: who wants a 40-year-old aged care facility?

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Lauren Broomham

Aged Care

Residential aged care earnings improved in Q4 2023-24 but storm clouds ahead

The earnings of residential aged care homes is likely to come under pressure in the current financial year as the majority of providers still fail to meet both mandatory care minute and 24/7 RN requirements and pressure mounts from the Government to...

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Caroline Egan

Government Policy

The $18M contract to operate My Aged Care – the website with 56% customer satisfaction

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Caroline Egan

Aged Care

“We’ve got favourable winds”: Regis Aged Care Co-Founder Bryan Dorman’s departing words after 30 years

“I think we’ve got favourable winds for a few years ahead,“ he predicted at the meeting, which was held the day after the Government’s Aged Care Bill passed through parliament

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Caroline Egan

Housing News

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Community Living

This is not a retirement village or land lease community — it’s a Build to Rent

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Ian Horswill

Housing News

Build to Rent laws passed with forecast of 80,000 rental homes in 10 years

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Ian Horswill

Housing News

WA Government approves development of social and affordable BTR

The first state government-led Build to Rent will have109 one- and two-bedroom social, affordable and specialist disability rental apartments, across a four-storey development. The Smith Street Build-to-Rent (BTR) project is on the site of former...

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Ian Horswill

Housing News

Funding secured for Uniting WA to operate social housing for women over 55 in Perth

The Not For Profit owns Wyn Carr House in Freemantle, 19km southwest of Perth’s CBD, and has secured $7 million from the state government to redevelop it for transitional accommodation for women over 55 facing homelessness. It had been hoped to...

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Ian Horswill

Development

Goodwin will subsidise seven affordable retirement living units in new ACT village

The independent Not For Profit medium rise village in Downer, designed by CK Architecture, which will have 109 Independent Living Units (ILUs) and 20 Assisted Living Apartments. “The 109 ILUs will however include seven Affordable Retirement Living...

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Ian Horswill

Housing News

Every apartment in RFBI’s affordable housing for women over 55 in NSW Mid North Coast snapped up

It is taken six years since the plan was first conceived and now CEO Frank Price is a happy man. The 23 one-bedroom affordable apartments for women over 55 facing homelessness in Watson Place, Bellingen, 547km north of Sydney, is through Belloran...

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Ian Horswill

Community Living

RAAFA WA given $5M towards 16 purpose-built units for veterans

In a pledge to help Western Australian veterans experiencing or at risk of homelessness, the WA Government has announced a $5 million Lotterywest grant to support RAAFA WA’s Andrew Russell Veteran Living (ARVL) program. The pledge comes following...

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Ian Horswill

Housing News

Over 55s encouraged as Stage 2 of Third.i’s Elevate Hume Place in Crows Nest, Sydney, announced as Build to Rent with Wellness amenities

There will be 476 one-, two-, and three-bedroom apartments designed by Woods Bagot in the collaboration between the property developer, co-founded by Luke Berry, and Phoenix Property Investors, directly above the newly-opened Crows Nest Metro...

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Ian Horswill

News & Headlines

Reinventing retirement living? Gurner Group’s “futuristic wellness and anti-ageing utopia”

This utopia might appear fanciful but Tim Gurner has runs on the board. “This will be Australia’s first next-generation wellness precinct where our homes can make us healthier and have a marked impact on our mental and physical wellbeing,” he...

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Ian Horswill

Housing News

Lendlease partners with Japanese for a $500M Build to Rent development in Melbourne

The ASX-listed property group announced it has struck a deal with Nippon Steel Kowa Real Estate to deliver a new $500 million, 499-unit tower in Melbourne’s Docklands that is due to be completed in early 2026. Lendlease will develop, build and act...

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Ian Horswill

Housing

RAAFA WA open accommodation and much-needed assistance to veterans thanks to Hancock Prospecting

Sir Valston Hancock House in South Perth was officially opened with the WA Governor Chris Dawson and Darrilyn Dawson in attendence on Friday. With generous support from Gina Rinehart AO and Hancock Prospecting, Sir Valston Hancock House is a joint...

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Ian Horswill

Housing

RSL LifeCare and RSL NSW’s commitment to veterans clear to see

In an exceptional show of commitment, RSL LifeCare, in partnership with RSL NSW and the generosity of local sub- Branches, has set new records in supporting veterans and their families, including the delivery of health, housing, employment...

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Ian Horswill

Opinion

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Opinion

Regulators and village staff have a message for Operators: ‘Training – it’s important’

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Chris Baynes

Opinion

Wheel of fortune: who wants a 40-year-old aged care facility?

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Lauren Broomham

Opinion

The legislation that will change the retirement village sector forever

The new Aged Care Act was passed in Parliament yesterday and with it Anika Wells announced 83,000 additional Home Care packages. These actions will cement care into retirement villages. Independent living will gradually disappear as a value...

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Chris Baynes

Chris Baynes

New Aged Care Act – and Plan B co-contribution funding – was achieved just three years to the day from when the sector was called to mobilise

In November 2021, the editorial team here at DCM/The SOURCE sat down and discussed what is the future for aged care. To be blunt, there was no optimism in the sector as operators racked up month after month of financial losses.

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Chris Baynes

Opinion

Five big unanswered questions from the new Aged Care Bill

The aged care sector is (again) on the brink of historic change with the Aged Care Bill 2024 looking set to pass Parliament within the next few days – but question marks remain over several of the reforms contained within the new Act. The Bill is...

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Lauren Broomham

Funding

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Government Policy

200 patients still lying in SA hospitals waiting for aged care beds

It would take two large aged care homes to house all the older patients in South Australian hospitals ready to be discharged, but waiting to be offered an aged care bed. The Peter Malinauskas Labor Government’s promise to build more than 600 new...

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Caroline Egan

Government Policy

Hourly updates on Senate Inquiry into the Aged Care Bill 2024 in Canberra today

The Senate Inquiry into the Aged Care Bill 2024 will hold eight hearings around the country this month, with the Inquiry expected to be wrapped up by the end of the year. Acting Inspector-General of Aged Care Ian Yates is the first to appear before the inquiry in Canberra on 3 October 2024.

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Caroline Egan

Government Policy

Inspector-General: aged care reforms do not meet Royal Commission’s expectations

In its Senate Inquiry into the Aged Care Bill 2024 submission, the Office of the Inspector-General of Aged Care (OIGAC), which is led by long-time industry expert Ian Yates AM, has restated its position that Australia should be moving towards...

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Caroline Egan

Government Policy

DoHAC responds to claims of shortfall in Hotelling Supplement

This week, we reported that StewartBrown’s analysis of the Federal Government’s aged care reforms showed the Hotelling Supplement may require an additional $7 per bed per day to “fully meet” the actual cost of delivering hotelling services.

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Caroline Egan

Aged Care

Fed Govt pledges $900M for aged care services in thin markets

Aged Care Minister Anika Wells has announced a $900 million support package for aged care providers operating in thin markets, as part of the Federal Government’s $5.6 billion aged care reforms announced on 12 September. The Government will invest...

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Caroline Egan

Opinion

Optimism 2.0: only three years until billions in new cash flows into aged care

Analysis of the Australian Government’s aged care reforms has forecast the residential aged care sector can expect at least $2-plus billion a year in additional funding in three years’ time. Will it be enough to incentivise new beds? As we...

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Lauren Broomham

Aged Care

StewartBrown modelling on residential aged care reforms: “It’s a good start”

Aged care accountancy specialists StewartBrown have provided modelling to show how the Government’s proposed aged care funding reforms will impact the sector’s financial sustainability. “It’s a good start,“ Grant Corderoy, Senior Partner...

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Caroline Egan

Funding

Only in SATURDAY: aged care reforms are an evolution and not a revolution

The Government’s aged care reforms mark the beginning of a shift in the mindset of the community towards paying for what has been traditionally a majority taxpayer-funded service. How will providers adapt to this marketing opportunity? To find out...

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Caroline Egan

Government Policy

The sector speaks to The SOURCE video: Russell Bricknell, Juniper CEO

Russell Bricknell, Juniper Care CEO, tells Lauren Broomham, Editor of The Weekly SOURCE, the Government’s funding model adjustments give the sector future certainty, and shares his thoughts on the proposed reforms. For more, subscribe to The SOURCE...

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Caroline Egan

Government Policy

The sector speaks to The SOURCE video: Prue Bowden, Group CEO – Home Health at Australian Unity

Prue Bowden, CEO Home Health at Australian Unity, speaks to DCM Group’s Lauren Broomham, editor of The SOURCE, gives her insights into the Government’s aged care reform package and its potential to improve care for older Australians.

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Caroline Egan

Government Policy

The sector speaks to The SOURCE video: Byron Cannon, CEO of LDK Seniors’ Living

In a video interview Byron Cannon, LDK Seniors Living CEO, talks to The SOURCE Editor Lauren Broomham about what the Australian Government’s aged care reforms and the response to the Aged Care Taskforce will mean for private aged care. To read more...

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Caroline Egan

Aged Care

80% of residential aged care providers making a profit, according to Fed Govt

The percentage of residential care providers reporting a positive EBITDA result increased to 80.2% as of 31 March 2024, up 11.7 percentage points from 31 March 2023 YTD, according to the Department of Health and Aged Care’s latest Quarterly Financial Snapshot (QFS) - Quarter 3 2023-24.

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Caroline Egan

News & Headlines

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News & Headlines

Meet the sector’s innovators in the final issue of SATURDAY magazine for 2024

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Lauren Broomham

Out of the Ordinary

2024 DCM Institute VILLAGE SUMMIT tops 630 attendees across five cities

Attendance at the VILLAGE SUMMIT has jumped 32% in 2024, from 470 last November to 630 this year. The third professional development day for the year for Institute Members plus other village leaders, the program is being embraced by more than 150...

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Chris Baynes

Out of the Ordinary

Issue 89 of SATURDAY magazine: Pioneers never stop innovating

Learn more HERE

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Ian Horswill

Chris Baynes

New Aged Care Act – and Plan B co-contribution funding – was achieved just three years to the day from when the sector was called to mobilise

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Chris Baynes

In the Headlines

Aveo Group’s $11M settlement saved the retirement living sector

The capitulation by the class action lawyers Levitt Robinson in its six-year bid to score a speculated $100 million-plus from village operator Aveo Group, claiming dodgy contracts and deals with residents, saved the retirement village sector months...

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Ian Horswill

Out of the Ordinary

$5.4M penthouse apartment for sale in retirement village in Auckland’s wealthiest suburb

The construction site (left) is where Abbott Residences is rising beside Nathan Residences (right). This is The Foundation, a retirement village being built in Parnell, Auckland, one of New Zealand’s most affluent suburbs. The asking price for...

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Ian Horswill

News & Issues

StewartBrown Partner Stuart Hutcheon to address ACCPA about Retirement Living Performance Report

The highly impressive initial response by the sector to the news the widely respected aged https://www. linkedin. com/in/david-gallery-9a887b13/care benchmarking accountant is providing an independent survey and report for the advocacy of the...

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Ian Horswill

Health

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Health

ACH opens its third Health Studio with HUR equipment for its wide community

The leading South Australian Not For Profit has opened a new $5 million advanced health and wellbeing hub at Rostrevor, 10km east-northeast of Adelaide’s CBD. The health studio includes a gym equipped with state-of-the-art HUR Australia exercise...

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Ian Horswill

Ageing

Retirement by Moran provides empty Northern Beaches RAC to women in need – offers guidance to others on how

The private operator is facing at least two years to redevelop its 90 bed RAC. It has worked out how to provide it as accommodation to women in need at no cost. An initiative led by Sally Taylor, Managing Director of Retirement by Moran, they bought...

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Ian Horswill

Ageing

SATURDAY subscription magazine: Phil Usher grows from zero to $600M in private aged care with Odyssey Lifestyle Care Communities

The Weekly SOURCE on Tuesday, 6 August, revealed the sector innovator’s fourth private aged care community, operated under the Retirement Villages Act. Now Phil has given an exclusive interview to DCM Group editor Lauren Broomham where he reveals...

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Ian Horswill

Technology

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Technology

Telstra Health wins second award for aged care risk-identification tool

Australia’s first electronic risk prediction tool for deterioration in aged care residents has won Research Australia’s Digital & Data Health Innovation Award for 2024. The tool uses natural language processing and machine learning to analyse the data and track 36 markers of deterioration.

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Caroline Egan

Technology

EY awarded $620K contract to assess “digital maturity” of aged care sector

The Department of Health and Aged Care has contracted consultants EY to assess the “digital maturity” of the aged care sector with a view to developing benchmarks and informing future aged care reforms. “The Department of Health and Aged Care is...

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Caroline Egan

Technology

Aged care operators heading for “challenging time” as deadline for reforms approaches: Epicor

With the aged care sector anxiously waiting to see if the new Aged Care Bill 2024 passes Parliament this month, enterprise software provider Epicor is warning that operators need to be preparing now given the limited timeframe to transition to the...

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Lauren Broomham

Home Care

In latest SATURDAY magazine: Mable’s role in Australia’s aged care system cemented with 650 new recruits a week

Mable’s offer of choice, flexibility and control for workers - and choice of support for customers - is making the peer-to-peer support worker platform a lynchpin of Australia’s aged care ecosystem. What role is the platform increasingly playing...

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Caroline Egan

Mergers & Acquisitions

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Mergers & Acquisitions

Ingenia still a developer as it buys two greenfield sites for almost $30M

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Ian Horswill

Mergers & Acquisitions

AVID Property’s owner offers $374M for AVJennings

American real estate giant Proprium Capital Partners wants to add one of Australia’s best-known property development and construction companies to AVID Property. AVID bought all eight of the Puljich family’s Living Gems land lease sites at the...

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Ian Horswill

Mergers & Acquisitions

Shalain Singh returns to the seniors sector with $585M healthcare hub transaction

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Lauren Broomham

Mergers & Acquisitions

Foreign Investment Review Board clears Stockland’s purchase of Lendlease’s masterplanned communities with nine land lease sites

The Lendlease deal, according to Stockland CEO - Development, Andrew Whitson, includes up to nine future land lease communities totalling 2,500 home sites. The purchase was announced in December 2023 when Lendlease told the ASX that it had entered...

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Ian Horswill

Mergers & Acquisitions

HTL Property says Hometown Australia’s Macquarie Shores purchase largest land lease community sale of 2024

The fully occupied 214-home Macquarie Shores Home Village over 50s land lease community, which also has one vacant, development-ready site, was only offered to targeted suitors in an off-market sale. “Macquarie Shores Home Village ultimately sold...

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Ian Horswill

Mergers & Acquisitions

Adrian Puljich not slowing down as family pay $30M for 27.99ha site in Logan, QLD

The land lease community operator, which is currently developing seven existing over 50s lifestyle resorts and will potentially launch six new resorts across GemLife, Living Gems and Aliria early next year, is the buyer of the site in Heritage Park...

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Ian Horswill

Mergers & Acquisitions

Lincoln Place announce 22nd over 50s land lease community

The 209 proposed two- and three-bedroom homes in Eagle Point Lifestyle Estate will be the operator’s first in Victoria’s Gippsland Lakes region. Located between the towns of Bairnsdale and Paynesville, the community will have northeasterly water...

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Ian Horswill

Mergers & Acquisitions

integratedliving acquires St Andrew’s home care operations in NSW Northern Rivers region

Home care specialist integratedliving has acquired the home care operations of Ballina-based Not For Profit St Andrew’s. In transitioning out of home care, St Andrew’s will retain its focus on residential aged care and retirement living on the NSW...

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Caroline Egan

The Economy

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Government Policy

“Development pipeline across sector not going to be sufficient for ageing population”

“The development pipeline across the industry is not going to be sufficient for the ageing population,” Tony told the Property Council

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Ian Horswill

Aged Care

Opinion: the next aged care crisis is here

Read more about Australia’s ‘true’ occupancy rate – and the consolidation taking place in the residential care sector in SATURDAY – subscribe here

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Lauren Broomham

Development

Only in SATURDAY – the real reason aged care beds are hard to find

The Department of Health and Aged Care puts occupancy at 86.2%. Our investigations differ To find out why, subscribe to our premium digital magazine SATURDAY HERE

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Caroline Egan

Home Care

Fiji PM hints at reducing PALM worker numbers

The Prime Minister of Fiji, Sitiveni Rabuka, has indicated that the number of unskilled or semi-skilled workers that come to Australia through the Pacific Australia Labour Mobility (PALM) scheme could be cut, which could limit an important source of...

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Caroline Egan

Community Living

New Zealand needs more retirement villages to meet the demand

A new report by real estate firm JLL on the sector across the Tasman Sea has found demand for places is outstripping supply. A total of 36 new villages were added to the development pipeline last year with 452 villages currently providing homes for...

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Ian Horswill

The Weekly SOURCE

Will retirement living operators heed the call in Western Australia?

The state government has said it seeks to collaborate with the property and construction industry to “increase the supply and diversity of social housing”. The Department of Communities states it is particularly interested in submissions that...

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Ian Horswill

Aged Care

IHACPA releases Consultation Paper for aged care funding in 2024–25

The Independent Hospital and Aged Care Pricing Authority (IHACPA) has released its Consultation Paper on the Pricing Framework for Australian Residential Aged Care Services 2024–25 and asking for submissions from relevant stakeholders. The report...

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Caroline Egan

The Economy

ONLY IN SATURDAY: Aveo Group CEO on making serviced apartments profitable

Serviced apartments, or assisted living options in retirement villages, have been a challenge for the retirement living sector. Ageing village serviced apartments with relatively high weekly fees to cover the mandated meals and other services are...

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Caroline Egan

DCM Research

DCM Institute survey: How long Village Managers think they will stay in the role

The DCM Institute survey of 186 retirement village and community managers across Australia asked how long Village Managers intend to stay in the role and why they intend to leave. The survey found that 78% of Village Managers were generally...

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Section Editor

Topic - Aged Care

Anglicare Sydney pledges to reimburse study debt after one year’s service

Anglicare Sydney has launched a new program to support nurses – it will pay off student debt for employee nurses after one year of study. The new program already has more than 100 interested trainee nurses. Anglicare Sydney’s Chief Executive...

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Section Editor

Topic - Aged Care

Even with 15% pay rise, aged care staff are still earning less than their public hospital colleagues

Even after the 15% pay rise, entry level Registered Nurses working in aged care on the Award will still be earning 17% less than their public hospital counterparts. Data provided by the Australian Nursing & Midwifery Federation (ANMF) shows that...

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Section Editor

Topic - Aged Care

15% wage rise won’t deliver financial sustainability to aged care sector: StewartBrown

The aged care accounting firm has released its analysis of the Government’s funding for a 15% wage increase for aged care workers in the Budget – concluding that the extra funding will fail to deliver the financial sustainability that the sector...

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Section Editor

International

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International

New York State Attorney General sues land lease operator over water so polluted residents have to boil it

New York Attorney General Letitia James last Thursday filed a lawsuit against River Valley Estates, LLC (River Valley), a mobile home park in Sullivan County, and its operators, George Levin and Gayla Sue Levin, for years of failing to maintain...

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Ian Horswill

International

EQT’s Metlifecare increases retirement village portfolio by 50% in 3.5 years

Since leaving the New Zealand stock exchange in 2020 when Swedish private equity firm EQT took over the business, the Auckland-based operator has been transformed by its five-year Full Potential Plan initiated in 2021. “We really have gone through...

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Ian Horswill

International

Promotional video for a senior living resort has 6.4M views – shame it’s not in Australia

Said to be Malaysia’s first purpose-built senior living resort, Millennia Village in Seremban, approximately an hour drive from Kuala Lumpur, is on a13ha site. It is the brainchild of John Chia, Chairman and Managing Director of semiconductor...

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Ian Horswill

Development

Building of retirement villages in New Zealand falls to six-year low as costs hits record high

Only 350 retirement village units were approved across the Tasman Sea in the second quarter of 2024, according to interest. co. nz, which represents a fall of 31% on two years ago. At the same time the average build cost per retirement village unit...

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Ian Horswill

International

Various payment systems at top four UK retirement villages

Research from online care platform Lottie reveals the country’s most popular retirement villages and the difference in how residents Over 55 pay to live in them. Retirement living is not cheap in England with the average price to buy in of nearly...

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Ian Horswill

Not for Profit

Only in SATURDAY: Community Home Australia (CHA) weighs up Bali ‘village’ for Aussie expats

The ink is barely dry on the deposit for its first international resort in Bali, but the innovative dementia care and disability provider already sees further opportunities to expand into accommodation for the growing Australian expat community. As...

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Lauren Broomham

Retirement and Community Living

Time to raise your prices? Look at what is charged for assisted living in the US

A Queensland aged care and retirement living operator told me after a recent tour of the US that his only thought was that his prices were too low. More than 30,600 assisted living facilities are currently active in America, with an average...

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Ian Horswill

Community Living

Can this happen in Australia? UK’s best new building is a retirement village

John Morton Centre, a day centre for residents of Morden College, a retirement community in south-east London, England, has been named winner of the 2023 RIBA Stirling prize for the best new building in the country. “At a time when adult social care...

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Ian Horswill