The Weekly SOURCE

Opinion: Government’s bid to stagger latest aged care wage rise reflects need for funding reform

The aged care is facing competition from childcare and other sectors in its bid for a Government-funded wages boost. As we reported as soon as the submission was reported last Friday, the Federal Government has committed to fully funding the Fair...

Lauren Broomham

18 Apr 2024

Government Policy

Acting Inspector-General of Aged Care to review Government portal My Aged Care

After consulting widely around the country, the Acting Inspector-General of Aged Care (IGAC) has launched a review of My Aged Care, after identifying it as a priority.

Caroline Egan

18 Apr 2024

In the Headlines

Albanese Government again seeks to phase in aged care workers’ pay rises

The Australian Government late on 12 April 2024 has advised the Fair Work Commission (FWC) it again wants to phase in the pay rises recommended for direct aged car workers. The indirect workers will receive the recommended pay rise in full on 1 January 2025.

Ian Horswill

12 Apr 2024

Home Care

Aged care regulator to increase audits as one-third of home care operators found to be non-compliant

66% of home care providers do not comply with all 8 Quality Standards, according to the Aged Care Quality and Safety Commission 66-page Sector Performance Report for the December 2023 quarter.

Caroline Egan

16 Apr 2024

Aged Care

Bolton Clarke brings 98 Fijian aged care workers to QLD, NSW in one of PALM’s largest intakes

Starting this week and over the coming months, 98 aged care workers are set to come from Fiji to work in 17 Bolton Clarke aged care homes in regional Queensland and New South Wales.

Caroline Egan

18 Apr 2024

Government Policy

Kantar Public awarded new $440,000 contract to “inform future aged care policy”

The Federal Government has contracted Kantar Public Australia for the political consultant’s second aged care project, this time to conduct “Aged Care Policy Research” at a cost of $440,000 for the Department of Health and Aged Care.

Caroline Egan

18 Apr 2024

Government Policy

“Any delay to pay rise will only add to the aged care sector’s workforce crisis”

The Opposition and unions have hit back at the Government’s attempt to phase in aged care worker pay rises of up to 13.5% by almost two years, a position announced late last Friday afternoon.

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New unique technology helping staff deal with dementia in home care like never before

Cognitive decline is cited 37 times in the new strengthened Aged Care Quality Standards, up from just one citation – can you say that your home care teams are prepared? This article is part of a special eight-part SATURDAY project on dementia –...

Lauren Broomham

12 Apr 2024

Finance

$100M for new CHSP providers to wipe out the backlog

You can access information about the grant here

Managing change: A critical and underappreciated element in digital transformations

Poor change management practices are often at fault when digital health implementations go wrong, with inadequate communication between IT experts and clinical staff a source of blame. But a program of codesign and consultation can be a powerful...

Group Editor

12 Apr 2024

Aged Care

$9.5M expansion of aged care home south of Cairns puts cost of bed at $430,000-plus

Not For Profit aged care facility Pyramid Residential Care Centre (PRCC) in Gordonvale, 24km south of Cairns in Far North Queensland, has completed a 22-bed extension, expanding its capacity from 54 beds to 76. The expansion consisted of the...

Caroline Egan

18 Apr 2024

Community Living

View all

In the Headlines

Exclusive: Aveo to sell off its retirement villages in South Australia and Tasmania

Tony Randello, CEO of the nation’s leading retirement village provider, said the impending sale of its 16 retirement villages in South Australia and Tasmania “aligns with Aveo’s regular strategic review of opportunities across its portfolio”. The...

Ian Horswill

Government Policy

Opposition grows to NSW Government’s plan for caravan parks, camping grounds, manufactured home estates and moveable dwellings

There is disquiet after the public consultation for the NSW Government’s review into the planning framework for caravan parks, camping grounds, manufactured home estates and moveable dwellings ended. The exhibition package set out changes to...

Ian Horswill

Private

Eureka Group’s board again rejects Aspen’s second takeover bid offer

The move has been taken after Sandy Mak, Partner, Corrs Chambers Westgarth, acting on behalf of Aspen Group, lodged a second statement on its bid, stating its unsolicited takeover offer to acquire all Eureka shares for 0.26 Aspen shares for every...

Ian Horswill

Development

Seniors housing faces becoming “the roadkill of the NSW planning system”

Two major policies recently exhibited by the NSW Department of Planning, Housing, and Infrastructure (DPHI) could have major implications on seniors housing, said Ethos Urban Director Daniel West. The Weekly SOURCE stated last Tuesday that Daniel...

Ian Horswill

Development

Oak Tree Group Co-founder Mark Bindon returns to sector with a high-end boutique retirement village and one caveat

Mark Bindon and fellow Oak Tree Group co-founder Franco De Pasquale spent two years researching the retirement sector before setting up the business in 2004. Oak Tree Group grew to own and operate 31 retirement villages across Queensland, New South...

Ian Horswill

Aged Care

$9.5M expansion of aged care home south of Cairns puts cost of bed at $430,000-plus

Caroline Egan

Development

Ingenia Communities’ lodges plan for 565-home land lease resort in Toowoomba, QLD

Ingenia Communities lodged a proposal late last year for a “unique, connected, livable community” on 32ha of land in Highfields, where GemLife is adding 230 dwellings adjoining GemLife Highfields and Carinity is building a $32 million...

Ian Horswill

Aged Care

View all

Opinion

Opinion: Government’s bid to stagger latest aged care wage rise reflects need for funding reform

Lauren Broomham

18 Apr 2024

Home Care

Aged care regulator to increase audits as one-third of home care operators found to be non-compliant

66% of home care providers do not comply with all 8 Quality Standards, according to the Aged Care Quality and Safety Commission 66-page Sector Performance Report for the December 2023 quarter.

Caroline Egan

16 Apr 2024

Government Policy

“Any delay to pay rise will only add to the aged care sector’s workforce crisis”

The Opposition and unions have hit back at the Government’s attempt to phase in aged care worker pay rises of up to 13.5% by almost two years, a position announced late last Friday afternoon.

Caroline Egan

18 Apr 2024

In the Headlines

Albanese Government again seeks to phase in aged care workers’ pay rises

Ian Horswill

12 Apr 2024

Aged Care

Bolton Clarke brings 98 Fijian aged care workers to QLD, NSW in one of PALM’s largest intakes

Starting this week and over the coming months, 98 aged care workers are set to come from Fiji to work in 17 Bolton Clarke aged care homes in regional Queensland and New South Wales.

Caroline Egan

18 Apr 2024

Government Policy

One in seven aged care homes still failing to meet Quality Standards: ACQSC

The Aged Care Quality and Safety Commission’s 66-page Sector Performance Report for the December 2023 quarter provides a snapshot of the sector at a point in time - revealing lower levels of complaints, but continued non-compliance of clinical care and governance standards.

Caroline Egan

16 Apr 2024

Government Policy

Acting Inspector-General of Aged Care to review Government portal My Aged Care

After consulting widely around the country, the Acting Inspector-General of Aged Care (IGAC) has launched a review of My Aged Care, after identifying it as a priority.

Caroline Egan

18 Apr 2024

Government Policy

Kantar Public awarded new $440,000 contract to “inform future aged care policy”

Caroline Egan

18 Apr 2024

Aged Care

$9.5M expansion of aged care home south of Cairns puts cost of bed at $430,000-plus

Caroline Egan

18 Apr 2024

Home Care

View all

Government Policy

“Any delay to pay rise will only add to the aged care sector’s workforce crisis”

The Opposition and unions have hit back at the Government’s attempt to phase in aged care worker pay rises of up to 13.5% by almost two years, a position announced late last Friday afternoon.

Caroline Egan

18 Apr 2024

Home Care

Aged care regulator to increase audits as one-third of home care operators found to be non-compliant

66% of home care providers do not comply with all 8 Quality Standards, according to the Aged Care Quality and Safety Commission 66-page Sector Performance Report for the December 2023 quarter.

Caroline Egan

16 Apr 2024

Government Policy

Kantar Public awarded new $440,000 contract to “inform future aged care policy”

Caroline Egan

18 Apr 2024

Saturday

View all

DIGITAL EDITION

Saturday

Issue 73 - Dr Rosh Jalagge - Roshana Care Group Founder and Chief Executive Officer

Issue 72 - Fiona Caldwell - Estia Health Chief Information Officer

Issue 71 - Chiou See Anderson - Elements Retirement Living Founder

Issue 70 - Prue Bowden - Australian Unity Group Executive – Home Health

ISSUE 69 - Josh McFarlane - Chief Executive Officer, Catholic Healthcare

ISSUE 68 - Penelope Eden - Partner, MinterEllison

Group Editor

31 May 2023

Conversation at the Wharf

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Community Living

Westpac Conversations in Melbourne: The core proposition of retirement living in five years’ time

Four leaders of the retirement living sector spoke about its future with DCM Group CEO Chris Baynes and Content Editor Ian Horswill at a Westpac Conversations in Melbourne luncheon. Anne McCormack, who was appointed Chief Exectuvie of mecwacare in...

Ian Horswill

Community Living

Westpac Conversations in Melbourne: Four leaders reflect on Care in Retirement Living

Derek McMillan, Centennial Living Managing Director; Peter Nilsson, Chief Operating Officer, The Village Glen; and Anne McCormack, Chief Executive Officer, mecwacare, are in charge of the running of three retirement village businesses that are...

Ian Horswill

Conversations at the Wharf: Where do you see Retirement Living accommodation in 5 years’ time?

We invited operators and Westpac to our Conversations At The Wharf series to explore the level of interest in assisted living in retirement villages. Check out a summary of the positive views – plus some cautions – in this brief video

Group Editor

Conversations at the Wharf: Where do you see Retirement Living accommodation in 5 years’ time?

Group Editor

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...

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...

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...

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...

Lauren Broomham

What's On

See more events

Development

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Aged Care

Unnamed aged care operator buys vacant seniors living facility in Melbourne

A vacant seniors living facility on a 1.04 hectare site in Boronia, 30km east of the Melbourne CBD, has been sold to an aged care operator for an undisclosed amount. The home, formerly called Maryville Hostel and operated by Good Shepard Aged Care...

Caroline Egan

Development

Seniors housing faces becoming “the roadkill of the NSW planning system”

Ian Horswill

Development

Midtown MacPark welcomes first residents in intergenerational CAPS development

Midtown MacPark, a $2.2 billion Community Apartment Project (CAP), is a venture between Frasers Property Australia, state and federal governments and Missing Australia Housing

Ian Horswill

Development

Oak Tree Group Co-founder Mark Bindon returns to sector with a high-end boutique retirement village and one caveat

Ian Horswill

Government

View all

Government Policy

“Any delay to pay rise will only add to the aged care sector’s workforce crisis”

The Opposition and unions have hit back at the Government’s attempt to phase in aged care worker pay rises of up to 13.5% by almost two years, a position announced late last Friday afternoon.

Caroline Egan

Home Care

Aged care regulator to increase audits as one-third of home care operators found to be non-compliant

66% of home care providers do not comply with all 8 Quality Standards, according to the Aged Care Quality and Safety Commission 66-page Sector Performance Report for the December 2023 quarter.

Caroline Egan

In the Headlines

Albanese Government again seeks to phase in aged care workers’ pay rises

Ian Horswill

Aged Care

Bolton Clarke brings 98 Fijian aged care workers to QLD, NSW in one of PALM’s largest intakes

Starting this week and over the coming months, 98 aged care workers are set to come from Fiji to work in 17 Bolton Clarke aged care homes in regional Queensland and New South Wales.

Caroline Egan

Government Policy

Kantar Public awarded new $440,000 contract to “inform future aged care policy”

Caroline Egan

Government Policy

Acting Inspector-General of Aged Care to review Government portal My Aged Care

After consulting widely around the country, the Acting Inspector-General of Aged Care (IGAC) has launched a review of My Aged Care, after identifying it as a priority.

Caroline Egan

Finance

$100M for new CHSP providers to wipe out the backlog

You can access information about the grant here

Caroline Egan

Aged Care

Zero COVID-19 deaths in March? What about the residents dying of the virus in residential aged care

“This webpage is updated on a monthly basis, and the data on COVID-19 associated deaths is based on reporting from state and territories to the NNDSS

Caroline Egan

Government Policy

One in seven aged care homes still failing to meet Quality Standards: ACQSC

Caroline Egan

Housing News

View all

Opinion

Cam Ansell predicts private aged care in retirement villages is the growth service

About 11 years ago Cam Ansell jumped ship from advisory group Grant Thornton to establish his own advisory group, Ansell Strategic. Today he is at the forefront of the reshaping of retirement living and aged care, thanks to his in-demand mergers and...

Chris Baynes

Retirement and Community Living

Only in SATURDAY: Retirement living energy revolution stores and distributes power and provides your own 5G network

With power prices increasing 40% in the past two years, and power outages becoming more commonplace, Mondo and Prospecta Utilities are offering something never experienced before in a retirement community. Mondo Business and Market Development...

Ian Horswill

Housing News

Fresh Hope Communities moves into affordable living with innovating Nightingale Housing

The Not For Profit retirement living and aged care provider is launching a Build To Rent development with Melbourne-based Nightingale Housing in Marrickville, in Sydney’s Inner West. Designed by SJB, Nightingale Marrickville will have 54...

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...

Lauren Broomham

Retirement and Community Living

The Sleeping Giant: Retirement Living Council’s five demands for inclusion in FY25 Federal Budget

“Retirement communities are the sleeping giant of Australia’s health and housing landscape given the benefits they provide to consumers and governments alike,” says the Retirement Living Council as it makes a submission to the Federal...

Ian Horswill

Development

NZ village operator Summerset turns sod at second retirement village in Melbourne

An Aboriginal smoking ceremony took place as Summerset Group’s General Manager Development Australia Stewart Scott, General Manager Operations Eleanor Young (left) and General Manager Sales Kay Brodie turned the first sod at its second continuum...

Ian Horswill

Development

SNL Building’s third attempt: 237 independent senior housing units in $98M Newcastle proposal

A development application has been lodged by SNL Building with Newcastle City Council for six multi-storey buildings to accommodate seniors housing and a child care centre on the 28,000sqm former Brickworks site, at Wallsend, 115km from Sydney. It...

Ian Horswill

Opinion

New Zealand’s grim warning on aged care beds is the future reality for Australia

If you want to understand the future that could await Australia within the next three to five years, then you need to watch this video that we screened at our recent Masterclass in Sydney. The clip is from a new campaign, The Domino Effect, created...

Lauren Broomham

Community Living

The Langlee by Mirvac’s display apartment open for its multi-million-dollar homes

The two-bedroom, two-bathroom display residence, styled in partnership with Coco Republic, reflects another top-quality over 55s development in Sydney’s Eastern Suburbs. “Opening the new display residence and sales office provides prospective...

Ian Horswill

Aged Care

NewDirection Care aims to prove high rise and existing aged care housing stock can be adapted to small house model

Innovative aged care provider NewDirection Care, which has developed the trademarked MICRO TOWNS® concept in the suburb of Bellmere, 44km north of the Brisbane CBD, is setting out to prove that its small home model of care can be adapted to high...

Caroline Egan

Housing News

Build to Rent industry’s future “challenging” if Govt approves changes to thin capitalisation rules: Mirvac’s Angela Buckley

The Thin Capitalisation Bill before the Senate Economics Legislation Committee will unless amended make it “challenging to be able to deliver Build to Rent projects,” Mirvac General Manager, Build to Rent BTR (Multi-Family), Angela Buckley...

Ian Horswill

Housing News

First of three independent living unit towers for over 55s opens in Brighton East, Melbourne

A partnership between the National Housing Finance and Investment Corporation (NHFIC), Homes Victoria and community housing provider HousingFirst has seen 36 one-bedroom apartments open in Stage One. Stage Two of the project in the suburb, 12km...

Ian Horswill

Opinion

View all

Opinion

Opinion: Government’s bid to stagger latest aged care wage rise reflects need for funding reform

Lauren Broomham

Opinion

The “New” model for a Silver Decade for retirement living operators

Optimism, the title of LEADERS SUMMIT 2024, continues to be the dominant theme in the retirement village sector as we move towards the end of the financial year. In this issue, we report on Mark Bindon’s speech at LEADERS SUMMIT where he revealed...

Chris Baynes

Opinion

Opinion: what could be on the table for aged care on Budget night?

With just over four weeks until the 2024-25 Federal Budget is announced on 14 May, anticipation is building for Treasurer Jim Chalmers to restore some much-needed certainty to the aged care sector. As we report in this issue, the Shadow Minister for...

Lauren Broomham

Opinion

With little retirement living development taking place in NSW, these four people are fighting for change

The Retirement Living Council states there will be a shortfall of 49,000 seniors housing independent living units (ILUs) just to keep up with the current penetration rate by 2030. With only low levels of construction for seniors housing underway...

Chris Baynes

Opinion

Opinion: despite the headlines, delay to new Aged Care Act is good news

The news that the new Aged Care Act will be delayed to January or even July 2025 is hardly a surprise, given there are now just 12 weeks until its planned 1 July 2024 start date – and delivers more time for the sector and Government to get the new...

Lauren Broomham

Finance

View all

Opinion

Opinion: Government’s bid to stagger latest aged care wage rise reflects need for funding reform

Lauren Broomham

Finance

$100M for new CHSP providers to wipe out the backlog

You can access information about the grant here

Caroline Egan

Private

Eureka Group’s board again rejects Aspen’s second takeover bid offer

Ian Horswill

Sector Moves & People

Cushman & Wakefield launch new Alternatives platform for retirement investment

David Curtis (Capital Markets) and David Bruce-Clarke (Valuations) have been appointed Co-Heads of Alternatives for Australia and New Zealand by the global commercial real estate services operator. Noral Wild, Cushman & Wakefield’s International...

Ian Horswill

Sector Moves & People

LEADERS SUMMIT 2024 speaker Noral Wild appointed CEO of Cushman & Wakefield, Australia and New Zealand

Noral, whose speech about how the retirement living sector can attract international investment looking for alternative investment, was one of the most informative in LEADERS SUMMIT 2024, has been appointed CEO of the Australia and New Zealand...

Ian Horswill

Development

Australian Unity Property Trust selling medical centres to invest in aged care

Australian Unity’s $3.6 billion Healthcare Property Trust has put its Greensborough Medical and Dental Centre, 17km northeast of the Melbourne CBD, on the market and will use proceeds from the sale to retire debt and for east coast private...

Caroline Egan

Finance

LEADERS SUMMIT 2024: “Need for about 6,300 retirement living units per annum just to keep up with current demand”

Noral Wild, International Director, Head of Alternatives – APAC, at Cushman & Wakefield, confirmed to the audience at LEADERS SUMMIT that there is international investor interest in the retirement living sector. “The investor interest in the...

Ian Horswill

Finance

Stockland CEO Tarun Gupta throws curveball over land lease development

The man who is on the way to be the biggest Over 55s land lease community operator in Australia, with 12,000 homes by the end of 2024, has another innovative idea. It was a curveball for CBA CEO Matt Comyn: Tarun wanted the bank’s help building...

Ian Horswill

News & Issues

Resident killed in fire at manufactured home estate Burpengary Pines Village, north of Brisbane

Mike Spencer, 83, was unable to get out of his home when it caught fire at the 200-home over 50s land lease community on Monday, 11 March. Two homes were destroyed by the fire. “The fire was that intense a number of surrounding homes have actually...

Ian Horswill

Finance

Another month, another grant for a new RSL LifeCare Veterans’ and Families’ Hub

The person or persons lobbying for the Not For Profit operator of retirement villages, residential aged care, home care and veterans’ services, should get a pay rise in the new financial year. RSL LifeCare, in partnership with RSL NSW and...

Ian Horswill

Finance

Just released StewartBrown modelling calculates Taskforce recommendations (if implemented) will deliver an additional $3.76B to both aged care sectors

Just released StewartBrown modelling calculates Taskforce recommendations (if implemented) will deliver an additional $3.76B to both aged care sectors This morning Grant Corderoy and the StewartBrown analysts released summary calculations, pointing...

Chris Baynes

Government Policy

Aged Care Taskforce: Funding shift for residential and home care

The Final Report of the Aged Care Taskforce, which was completed in December 2023, does not make specific and detailed recommendations in relation to the practical operation of any proposed changes. The Final Report of the Aged Care Taskforce does...

Ian Horswill

News & Headlines

View all

In the Headlines

Albanese Government again seeks to phase in aged care workers’ pay rises

Ian Horswill

In the Headlines

Exclusive: Aveo to sell off its retirement villages in South Australia and Tasmania

Ian Horswill

Meet the team

DCM Executive Recruitment finds quality candidates for operators – fast

In the retirement village sector, recruitment has traditionally been a reactionary function: filling roles as they become available. With unemployment now below 4% nationally, businesses find themselves operating in a competitive labour market...

Ian Horswill

In the Headlines

LEADERS SUMMIT 2024: Watch and listen to the speeches from Aged Care Taskforce member Grant Corderoy, HammondCare CEO Mike Baird, and MinterEllison’s Penny Eden and Deanna McMaster

The speeches from the DCM Group’s LEADERS SUMMIT 2024 at the Hyatt Regency Sydney on 19 and 20 March 2024 continue to be discussed. The video of Group Homes Australia Founder and Executive Director Tamar Krebs and DCM Group CEO Chris Baynes is the...

Ian Horswill

Out of the Ordinary

Mirvac CEO Campbell Hanan backs Stockland CEO Tarun Gupta’s novel land lease idea

With it becoming a major land lease operator after buying a 47% stake in Serenitas, it is not a surprise that the Mirvac boss has spoken publicly about allowing more first home buyers to enter the housing market by acquiring a home without land in...

Ian Horswill

Aged Care

Families paying $80 a day for private aged care in Thailand: 60 Minutes

An example of one such home is Vivo Bene, where Australian Brad Roberts is manager. “This is how it’s meant to be, this is how our elders should be cared for, this is what they deserve,“ Brad told 60 Minutes

Caroline Egan

Awards

Look at the house prices at Stockland’s B by Halcyon, UDIA National Awards winner

Launched in February 2020, only 15 sites remain at the former sugar cain farm in Buderim, 91km north of Brisbane, that spans 25ha surrounded by nature. The first two-bedroom Stockland B By Halcyon homes sold for XXX and now residents must pay at...

Ian Horswill

Health

View all

Ageing

Retirement Living operator Aveo’s Baby Boomers survey reveals they want to live independently with services available

Australia’s leading retirement living owner and operator has released the findings of its Ageing Australia Study, a survey of more than 1,000 Baby Boomers, now aged between 58 to 77. Its findings show the Boomers want to reinvent living to focus on...

Ian Horswill

Aged Care

Australian Capital Territory is COVID-free for second consecutive week

In the week to 4 April 2024, the nation’s capital, the ACT, recorded no cases of COVID-19 in residential aged care for the second consecutive week. It was the first time a state or territory had recorded no COVID-19 cases in a week since August...

Caroline Egan

Ageing

$2K for five-day Bali holiday with dementia care and support 24/7? It’s for real

Older people living with dementia, carers, or those who require disability support will now be able to travel to the resort island of Bali for five days - and receive all the care and support they require - for less than $2,000. Innovative dementi...

Caroline Egan

Technology

View all

Technology

Only in SATURDAY WORKFORCE ISSUE: Anglicare cuts hiring time in aged care to just 13 days

Find out how in our premium digital magazine SATURDAY. Subscribe here

Caroline Egan

Technology

Is this the future of aged care? Tanunda Lutheran Home employs 10th robot with Chat GPT-enabled companion robot trial

Regional South Australian aged care provider Tanunda Lutheran Home (TLH) is trialling its 10th robot - a Chat GPT-enabled companion robot which has been developed by US-based Andromeda Robotics. The ‘Abi Robot’ will arrive at the 120-bed TLH in...

Caroline Egan

Technology

IRT’s AI falls predictor technology wins iTnews Benchmark Awards 2024

Technology developed by Not For Profit retirement living, aged care and home care provider IRT that uses Artificial Intelligence (AI) to prevent falls among older people has won Australian Technology Project of the Year and Best Health Project in...

Caroline Egan

Technology

Lifestyle Communities partner with Mondo for largest residential solar microgrid at Lifestyle Meridian

With power bills already cut by up to 30% it is highly likely the nine homes for sale at the Over 50s lifestyle community in Clyde North, 46km southeast of Melbourne’s CBD will be snapped up quickly. Lifestyle Communities Co-Founder and Managing...

Ian Horswill

Acquisitions

View all

Private

Eureka Group’s board again rejects Aspen’s second takeover bid offer

Ian Horswill

In the Headlines

Exclusive: Aveo to sell off its retirement villages in South Australia and Tasmania

Ian Horswill

Government Policy

Water charges rising for retirement living and land lease communities in NSW’s Tweed Shire

The Shire Council has announced from 1 July 2024 that “some” non-residential property owners might experience an increase to their Water Access Charge, as Council phases-in over the next four years a calculation based on the amount of water used at...

Ian Horswill

Private

Eureka’s directors unanimously recommend shareholders reject Aspen’s takeover offer

The nation’s only pure-play provider of over 50s rental accommodation on Monday, 8 April issued its Target Statement and Independent Expert’s Report by Lonergan Edwards & Associates to shareholders to show why it considers the offer...

Ian Horswill

Private

Eureka advise shareholders to reject Aspen takeover bid as new shareholder emerges

The nation’s only pure-play over 50s rental accommodation provider has advised the ASX that Melbourne-based Copia Investment Partners has acquired a 6.65% voting power with 20,080 shares held, impacting Aspen’s bid for Eureka. This announcement...

Ian Horswill

Home Care

BaptistCare buys Presbyterian Aged Care’s home care business

In March last year, BaptistCare finalised the acquisition of three sites, each comprising an aged care home and village, from Tulich Family Communities, and in June last year it merged with BaptistCare Western Australi

Caroline Egan

Government Policy

Buybacks and capped CPI rent increases among significant changes coming to land lease legislation in QLD

Queensland Housing Minister Meaghan Scanlon introduced a Bill to amend the Manufactured Homes (Residential Parks) Act 2003, on Thursday, 21 March, that will establish a Code Of Conduct for the rental land lease sector, capping site rent increases...

Ian Horswill

Acquisitions

Within 24 hours of its bid to win over Eureka, Aspen’s stake rises from 14% to 36%

Aspen, which provides accommodation in residential communities, retirement villages and holiday parks, is now the biggest shareholder in the nation’s only pure-play over 50s rental accommodation provider. Within 24 hours of it lodging its off-market...

Ian Horswill

The Economy

View all

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

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

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

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...

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...

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...

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...

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...

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...

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...

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...

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...

Section Editor

International

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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...

Ian Horswill

Not for Profit

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

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...

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...

Ian Horswill

Finance

Summerset Group’s third of seven Victorian villages approved as it’s clear why it wants to invest $1 billion into Australia

Earlier this month the SOURCE revealed the first villas would be built at its first village in Cranbourne North, 39km south-east of Melbourne’s CBD, by the end of the year. As the photograph shows, look at the numbers of seniors at the launch of...

Ian Horswill

Community Living

Arabic-speaking co-located retirement and aged care home proposed by St Maurice Aged Care

A previously approved six-storey mixed residential development with senior housing in Blacktown, 34km west of Sydney’s CBD, has been resubmitted as a seven-storey co-located retirement living and aged care facility to be called St Maurice Village...

Ian Horswill

Sector Moves & People

Regional NSW Council is spending $600K to sponsor 10 overseas staff for aged care home

Coolamon Shire Council is sponsoring 10 overseas staff from the Philippines, training them to be nurses and building homes for them to live in because it has been unable to recruit staff locally. Allawah Lodge, the aged care facility in Coolamon, is...

Team Editor

Topic - Developments

UK’s peak retirement body wants the UK to jump on Australia’s successful land lease model

ARCO, the main body representing the UK’s integrated retirement community sector, wants the country to adopt the land lease model that is so successful in Australia. Leasehold Plus, which is developed by ARCO with legal support from partner...

Section Editor