The Weekly SOURCE

New minimum liquidity ratios for aged care revealed

The new Aged Care Quality and Safety Commissioner, Liz Hefren-Webb, hosted a webinar on Tuesday outlining the New Financial and Prudential Standards, which remain open for consultation but due to take effect from 1 July 2025.

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Caroline Egan

13 hours ago

Government Policy

With just 10 days to go, Govt says it will fully fund aged care nurses’ pay rise

60,000 nurses working across the aged care sector are set to benefit from the Fair Work Commission’s (FWC) latest wage rise.

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Caroline Egan

13 hours ago

Government Policy

Consultation opens on promised aged care worker national registration scheme

The Federal Government is seeking feedback on a national registration scheme for the approximately 310,000 personal care workers who work in aged care, after the 2023-24 Federal Budget committed $59.5 million over five years to the program.

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Caroline Egan

13 hours ago

Development

Uniting AgeWell opens two new aged care wings in Hobart

The Not For Profit has invested $5.4 million in two newly opened residential aged care wings in Tasmania.

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Caroline Egan

10 hours ago

Home Care

Home care still seen as viable business despite labour costs rising

Margins fell to 7.1% in Q1 2024-25 due to an 11% increase in expenses as claim days and package utilisation increased pushing labour costs higher.

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Caroline Egan

11 hours ago

Development

Minister for Health and Aged Care opens 100-bed Eldercare Goodwood in Adelaide

Eldercare Goodwood, the $40 million facility dubbed Adelaide’s most luxurious aged care home, was officially opened on Friday by the Minister for Health and Aged Care Mark Butler.

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Caroline Egan

11 hours ago

Opinion

The $4B problem: Govt’s proposed liquidity requirements a nail in the coffin for aged care

The Federal Government is seeking to set minimum liquidity requirements for residential aged care providers for the first time – dangerous territory for a sector that has finally reached a level of financial and regulatory certainty. Previously...

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Group Editor

05 May 2023

Government Policy

Aged Care Act’s final rules now won’t be released until April, posing “a real challenge” for providers

The Department of Health and Aged Care has released an updated schedule for the release of the Aged Care Rules, the documentation supporting implementation of the new Aged Care Act, which compounds the already intense pressure on providers to implement changes within a short timeframe.

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Caroline Egan

13 hours ago

Aged Care

SATURDAY’s best read: What’s driving increased aged care M&A activity?

Read SATURDAY to learn why both law firm MinterEllison and advisory group Ansell Strategic have seen an uptick in aged care transactions.

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Caroline Egan

13 hours ago

Government Policy

Dept extends $14M HealthConsult contract for aged care Resident Experience Surveys

The Department of Health and Aged Care (DoHAC) has awarded boutique management consultants HealthConsult an almost $500,000 extension on its $14 million contract to deliver Resident Experience Surveys in residential aged care in 2024 and 2025.

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Caroline Egan

13 hours ago

Aged Care

Bolton Clarke celebrates 140-year history with heartwarming video

Australia’s largest independent Not For Profit is celebrating the group’s evolution over the course of its 140-year history.

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Caroline Egan

13 hours ago

Community Living

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Community Living

Stockland’s Halcyon land lease community brand going gangbusters

In the 181 days of the first six months of the year, the diversified property developer’s land lease community brand achieved 248 home settlements (up 60% on 1H24), had 376 contracts on hand and had 273 net sales (up 13% on 2H24) with four...

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Ian Horswill

Development

Amara Cremorne by Pathways’ $87.5M senior living development recommended for approval

Despite the objection of North Sydney Council, who also imposed heritage orders on six buildings in Graeme Skerritt’s development, the State Significant Development is recommended for approval by the NSW Department of Planning, Housing and Infrastructure. The department’s report approving the proposal and its reasons has just been published.

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Ian Horswill

Opinion

Are you strategically prepared for the next 5 years given the macro changes rushing towards us?

I have been reporting on the retirement living, home care and residential aged care sectors for 20 years. The future has never been as uncertain as today. With the first wave of Baby Boomers turning 80 this year, demand for ageing service will jump...

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Chris Baynes

Development

Living Choice gains planning approval for new luxury retirement living project in Adelaide

110 premium independent living apartments, featuring two- and three-bedroom designs across eight levels, have been approved. The 3,833msq site is located in the award-winning WEST master planned community within the City of Charles Sturt in West Lakes, Adelaide’s western suburbs.

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Ian Horswill

Development

Anglicare’s 24-storey continuum of care proposal in Merrylands, Sydney

The Not for Profit is requesting Secretary’s Environmental Assessment Requirements (SEARs) to prepare its plans for the 2106msq site in the Cumberland City Council local government area (LGA). The area is rapidly undergoing a transition to...

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Ian Horswill

Mergers & Acquisitions

Oxford Properties Group tipped to vie for $3B+ retirement village operator Aveo

Oxford is part of the Canadian global pension investor OMERs, and has reportedly made an offer for the Brookfield-owned retirement village operator. Oxford is also behind the Indi Build to Rent brand in Melbourne and Sydney and has a 50% stake in...

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Ian Horswill

Development

‘Halfway house between a retirement village and a nursing home’

Self-described as a new concept, Christian Homes Tasmania wants to “revolutionise” aged care with plans for a $90m development including hotel styled independent living described as “a halfway house between a retirement village and a nursing...

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Ian Horswill

Aged Care

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Opinion

The $4B problem: Govt’s proposed liquidity requirements a nail in the coffin for aged care

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Home Care

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Home Care

Home care still seen as viable business despite labour costs rising

Margins fell to 7.1% in Q1 2024-25 due to an 11% increase in expenses as claim days and package utilisation increased pushing labour costs higher.

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Caroline Egan

11 hours ago

Government Policy

New minimum liquidity ratios for aged care revealed

Click here

Caroline Egan

13 hours ago

Aged Care

SATURDAY’s best read: What’s driving increased aged care M&A activity?

Read SATURDAY to learn why both law firm MinterEllison and advisory group Ansell Strategic have seen an uptick in aged care transactions.

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Caroline Egan

13 hours ago

Saturday

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DIGITAL EDITION

Saturday

Issue 92 | Disrupting the land lease model

Lauren Broomham

14 Feb 2025

Saturday

Part 2 of our Innovators series in first SATURDAY magazine of 2025

In our first edition of SATURDAY for 2025, we profile Group Homes Australia, Silverchain, and Home Instead, and others.

Issue 90 | The innovators shaping the sector

Issue 89 | Pioneers never stop growing

Issue 88 | DCM Institute: Striving for excellence

Issue 87 | Getting ‘match fit’ for the future

Lauren Broomham

11 Oct 2024

Conversation at the Wharf

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Retirement and Community Living

Westpac Leading Conversations: Will Baby Boomers pay for additional village care beyond Home Care Packages?

The third video from the Westpac/DCM Group lunch in Adelaide gives great insight into where retirement living is heading as the need for care services in retirement villages rises. The question: Will Baby Boomers pay for additional village care...

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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

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

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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Spotlight

They say quality is never an accident – it’s a habit.

By Daniel Gannon In Australia’s retirement living sector, we want to see quality all-round, all the time, in all villages, across all jurisdictions, and our goal is very much intentional We know quality equates to happier, healthier communities...

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Sasja Bouwman

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

What's On

See more events

Development

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Development

Uniting AgeWell opens two new aged care wings in Hobart

The Not For Profit has invested $5.4 million in two newly opened residential aged care wings in Tasmania.

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Caroline Egan

Development

Minister for Health and Aged Care opens 100-bed Eldercare Goodwood in Adelaide

Eldercare Goodwood, the $40 million facility dubbed Adelaide’s most luxurious aged care home, was officially opened on Friday by the Minister for Health and Aged Care Mark Butler.

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Caroline Egan

Development

Amara Cremorne by Pathways’ $87.5M senior living development recommended for approval

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Ian Horswill

Community Living

Reside Communities to launch development of two new village stages with new offering “soon”

CEO and Co-Founder Glen Brown said the Queensland boutique retirement living business with over 1000 homes built or in the pipeline is gearing up for two launches next month. “Fairway Carindale Stage 2 is being publicly launched to the market in...

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Ian Horswill

Government

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Opinion

The $4B problem: Govt’s proposed liquidity requirements a nail in the coffin for aged care

Click here

Lauren Broomham

Home Care

Home care still seen as viable business despite labour costs rising

Margins fell to 7.1% in Q1 2024-25 due to an 11% increase in expenses as claim days and package utilisation increased pushing labour costs higher.

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Caroline Egan

Government Policy

New minimum liquidity ratios for aged care revealed

Click here

Caroline Egan

Government Policy

With just 10 days to go, Govt says it will fully fund aged care nurses’ pay rise

60,000 nurses working across the aged care sector are set to benefit from the Fair Work Commission’s (FWC) latest wage rise.

Click here

Caroline Egan

Government Policy

Dept extends $14M HealthConsult contract for aged care Resident Experience Surveys

Click here

Caroline Egan

Government Policy

Consultation opens on promised aged care worker national registration scheme

Click here

Caroline Egan

Government Policy

Aged Care Act’s final rules now won’t be released until April, posing “a real challenge” for providers

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Caroline Egan

Aged Care

Ageing Australia’s Pre-Budget submission wants new workforce strategy

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Caroline Egan

Government Policy

More than 1,000 younger Australians still call residential aged care home

With 1,161 people under the age of 65 living in residential aged care as of 30 September 2024, it’s unlikely the Government will achieve its goal of there being no people under the age of 65 living in residential aged care by 1 January 2025.

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Caroline Egan

Housing News

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Development

Victoria remains King of Build to Rent but there’s a new Queen: Knight Frank

With the Build to Rent tax reform legislation aiming to boost investment in apartment blocks designed and constructed for rental occupancy and retained in single ownership passed, there are signs momentum is beginning to show. Knight Frank’s...

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Ian Horswill

Housing News

Anglicare Sydney opens 51 affordable housing units for over 55s women

Forestview, built by Growthbuilt and funded by the NSW Government, is the final project to be delivered under the Not For Profit’s current funding agreement with the state government. The 51 units for women over 55, which is part of St Luke’s...

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Ian Horswill

Housing News

24 new units for women over 55, seniors and those with disabilities in Qld’s Sunshine Coast

Coast2Bay Housing Group will operate the Hollindale Mainwaring Architecture designed unit block in Stockland’s Aura, Australia’s largest residential development project, after it was constructed by Murphy Builders and funded by the Queensland...

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Ian Horswill

Development

Two purpose-built modular homes designed for seniors built in three months

The Livable Housing Australia Gold homes with a specific focus on catering to the needs of seniors living, including those who have challenges with mobility, have been delivered to the Thallon community in Southwest Queensland. Sunshine Coast-based...

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Ian Horswill

Housing News

50 off-the-plan affordable apartments “earmarked for seniors” in latest WA Govt initiative

The studio, one and two-bedroom apartments will be in Inglewood, 4km northeast of Perth’s CBD. Designed by Klopper & Davis Architects, with the build managed by Spinnaker Developments, the apartment complex has been procured through the state...

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Ian Horswill

Housing News

35 new homes for people over 50 in Bendigo as Anglicare Australia want 15,000 social houses built annually

The $16.6 million Victorian Government project, in partnership with Not For Profit Wintringham Housing, is complete with successful applicants to move in this month. The Golden Square development, on the site of the former Welcome Stranger Motel...

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Ian Horswill

Housing News

Social and senior housing. 33 desperate Northern Beaches women turned away each month. How can the Prime Minister smile?

Throughout Australia the need for social housing, particularly seniors, continues to grow. Narelle Hand “Older women are needing safe affordable housing more than ever,” said Narelle Hand, Chief Executive Officer at Northern Beaches Women’s...

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Ian Horswill

Aged Care

Southern Cross Care (WA) puts homeless seniors into one of its aged care homes

The Not For Profit has a 97% occupancy rate, well above the Government’s national average of 86.1%, with 476 residents in its eight residential aged care homes in Perth’s Metropolitan area, Kalgoorlie and Broome.

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Ian Horswill

Housing News

Bethanie Housing chosen by WA Government to build and operate new seniors social housing development

The registered charity, which provides subsidised accommodation and services to seniors in need, has been chosen as the preferred operator to develop and operate a new 90-dwelling community housing development in Mount Lawley, an inner northern suburb of Perth.

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Ian Horswill

Government Policy

New modular homes for seniors in West Australian town

Just three two-bedroom, one-bathroom homes will be available for seniors on the housing waitlist in Manjimup, a town 307km south of the state capital, Perth, in early 2025. The modular houses have been added to the 26-lot Cherry Glades development site...

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Ian Horswill

Development

SA Government proposes four to six-storey retirement villages targeting single occupants

“The aim of the Accommodation Diversity Code Amendment is to increase the number of well-designed, diverse, and affordable housing supply options across the entire state, to respond to these population projections and growth in single person...

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Ian Horswill

Housing News

First women aged 55 and over move into social housing in Melbourne as Margot Robbie Netflix doco highlights older women’s homelessness

Construction of the 96 social housing homes, a partnership between National Affordable Housing and Pace Development Group with $50 million provided by the Victorian Government, began in May 2023. The “missing middle” a term used by the...

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Ian Horswill

Opinion

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Opinion

The $4B problem: Govt’s proposed liquidity requirements a nail in the coffin for aged care

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Lauren Broomham

Opinion

“Holistic” solution needed for aged care workforce crisis: Anglicare CEO Simon Miller on his political wishlist

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Caroline Egan

Opinion

Are you strategically prepared for the next 5 years given the macro changes rushing towards us?

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Chris Baynes

Opinion

1,250 net new aged care beds in 2024: why PEP’s billion-dollar Opal HealthCare deal is ‘rolled gold’

The private equity firm’s agreement to take a 50% stake in Australia’s largest private residential aged care operator is confirmation that the sector is again headed for boom time as demand increasingly exceeds supply. As we report this week...

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Lauren Broomham

Opinion

Home care can be “true hospital substitution”: Silverchain’s Dale Fisher in aged care ‘political wishlist’

“Many of the challenges in our health care system could be addressed through better coordination and funding for in-home aged care,” Dale has told The Weekly SOURCE. “Home care that is truly hospital substitution could be a significant part of...

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Caroline Egan

Funding

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Funding

Bain Capital-owned Estia Health reportedly secures $300M finance line

Estia Health has secured $300 million in financing from Japanese Bank Nomura, according to The Australian Financial Review’s Street Talk column.

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Caroline Egan

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

News & Headlines

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In the Headlines

Villages.com.au website traffic soars 16.7% this month alone

The traditional spike in interest in retirement villages and land lease communities at the start of the year shows no signs of stopping. From the analytics, January 2025 saw a 6% increase in users Year On Year and February has seen a continuation of...

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Ian Horswill

News & Headlines

Ingenia now building land lease homes to Green Star designed standards

All 262 homes in the master-planned community Ingenia Lifestyle Springside in Beveridge, 37km north of Melbourne, will meet the Green Star designed assessment from the Green Building Council of Australia. “Our Beveridge community offers retirees...

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Ian Horswill

In the Headlines

Calvary Health Care turns retirement village into its first rental village

The Catholic provider’s Sydney Williams retirement village in Doncaster East, 20km east of Melbourne’s CBD, will operate as a seniors’ rental site due to community need as cost-of-living pressures impact seniors. The...

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Ian Horswill

News & Headlines

Another week, another alarm for village operators and residents

We will be investigating solutions at our LEADERS SUMMIT 18 & 19 March in Sydney, plus presenting how Denmark overcame this problem. There are good lessons to be learnt. Register here

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Chris Baynes

News & Headlines

GemLife CEO Adrian Puljich provides inspirational leadership in retirement living

At 37 years of age, Adrian Puljich has built a remarkable land lease empire and an equally remarkable team to implement his visions. Check out his latest quarterly video HERE which has had 1,100 views in just 3 days. The volume of new projects...

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Ian Horswill

Out of the Ordinary

$1.7M for a manufactured home with the suburb’s median price $868k - is the $10.5M clubhouse a winning factor?

Operators are continually improving its high-end amenities, NSW Land Lease Living Industry Association CEO, Lyndel Gray says. “Developers are raising the bar with resort-style facilities to meet the desires of discerning home buyers who want...

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Ian Horswill

Out of the Ordinary

RFBI planning two new retirement villages as it reinvests $6.9M surplus

The Not For Profit is a success story increasing its workforce by 5% in the past year, with 75 workers brought in from overseas, and its annual report revealing it has turned a deficit into a profit. RFBI has a turnover of $226 million, with revenue...

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Ian Horswill

Health

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Government Policy

Is this the only way badly needed new aged care beds will be built?

Wollongong Lord Mayor Tania Brown, through council general manager Greg Doyle, has written to NSW Minister for Planning and Public Spaces Paul Scully to consider a scheme to incentivise investment in residential aged care on the NSW South Coast. The...

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Ian Horswill

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

Technology

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Technology

AlayaCare launches “game changing” home care technology to flag risks and cut hospital admissions

Following a successful launch in Canada and the US, AlayaCare has launched the Client Intelligence Suite, which integrates clinical notes and client data using AI, Natural Language Processing and Large Language Model with AlayaCare’s Predictive Risk Model to help staff triage clients.

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Caroline Egan

Sector Moves & People

Another key driver of aged care reforms promoted within Dept

Fay Flevaras had been appointed Chief Digital Information Officer in the Australian Government Depart of Health and Aged Care after acting in the role of First Assistant Secretary Digital Transformation & Delivery – Aged Care Reform since 2021.

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Caroline Egan

Opinion

Aged care in-home technology: a billion-dollar industry with good reason

Two pieces of news this week have reinforced an argument we’ve been making for some time: technology is the only viable solution to the aged care beds crisis that Australia is currently facing.

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Lauren Broomham

Technology

Lifestyle SA Managing Director Stephen Norris invests $2.5M in technology solutions business Talius

Stephen, who is also part owner of Lifestyle SA’s 11 retirement villages in South Australia, said of his strategic investment: “The Aged Care Sector is at a critical juncture and the only path to drive better outcomes for the end client is vi...

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Ian Horswill

Mergers & Acquisitions

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Aged Care

Residents told to consider 2nd or 3rd preferences as Mercy Services’ Singleton aged care home set to close in March

Mercy Services has told the remaining residents of its Singleton aged care home, 200km north of Sydney, it is planning to close in only six weeks’ time.

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Caroline Egan

Mergers & Acquisitions

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Lauren Broomham

Mergers & Acquisitions

Final hurdle: Pacific Equity Partners to buy AMP Capital’s stake in Opal HealthCare

Australasia’s oldest and largest private equity firm has reached an agreement to buy AMP Capital’s “up to 50% stake” in Opal HealthCare, Australia’s largest private aged care operator, with 133 aged care homes across NSW, Victoria, QLD, WA, and SA.

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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