The Weekly SOURCE

No capital, no beds, no care: can Hospital in the Home help fill the gap?

While in Adelaide two weeks ago for the ACCPA National Conference, we took the opportunity to tour SA Health’s My Home Hospital service, which is delivered through a joint venture between Calvary Health Care and Amplar Health. What we saw blew us...

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Lauren Broomham

2 hours ago

Aged Care

Risk of investing in new beds “too large” for smaller providers: Ansell Strategic

Cam Ansell, the advisory firm’s Managing Director, has warned while the Government’s aged care reforms are good news for residential aged care operators, they will fall short on incentivising small and medium-sized providers to build new homes...

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Lauren Broomham

2 hours ago

Living with Dementia

HammondCare returns to profitability as revenue from residential aged care surges 35%

The Not For Profit health and aged care provider, which specialises in dementia care, achieved a net surplus of $14.6 million in 2023-24, compared with an underlying net loss of $22.4 million the previous year HammondCare’s revenue increased 23% to...

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Caroline Egan

30 minutes ago

Legal Issues

Confidential settlement on Anglicare Sydney’s Newmarch House COVID-19 class action

The lead plaintiff was Mark Fahey, whose mother was the 14th Newmarch House resident to die from COVID-19

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Caroline Egan

1 hour ago

Government Policy

Department of Health and Aged Care’s Star Ratings “not sufficiently meaningful”: Commonwealth Ombudsman

A review of the Aged Care Star Ratings system by Commonwealth Ombudsman Iain Anderson, has identified concerns about the accuracy and accessibility of the ratings, and recommended the Department of Health and Aged Care take note of his findings.

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Caroline Egan

45 minutes ago

Mergers & Acquisitions

Perth-based Hall & Prior marks ACT expansion with acquisition of Canberra Aged Care

Standalone family-operated home Canberra Aged Care, which has been operating since 1982, has been sold to WA-based operator Hall and Prior for undisclosed amount. Phil Smmith Director Health Aged Care Confidential Hall & Prior currently has 24...

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Caroline Egan

2 hours ago

Mergers & Acquisitions

Estia Health buys Calvary Health Care’s three aged care homes in QLD

The private aged care operator Estia Health has boosted its already significant presence on the Gold Coast and Sunshine Coast. The purchase of Calvary Health Care’s three Queensland aged care homes, Calvary Robina Rise, Calvary Noosa and Calvary Gympie Views...

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Group Editor

05 May 2023

Mergers & Acquisitions

Private Equity Partners reportedly to pay more than $1B for 50% of Opal HealthCare

Opal HealthCare is Australia’s largest aged care provider, with 133 aged care homes in NSW, Vic, Qld, WA, and SA, after the acquisition of 31 homes in Victoria from BlueCross

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Caroline Egan

2 hours ago

Government Policy

Coalition Senators make 32 recommendations on the Aged Care Bill 2024

After seeking a four-day extension, the Senate Inquiry Report was published on Monday, with the Senate Committee recommending the Aged Care Bill 2024 be passed without amendment.

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Caroline Egan

2 hours ago

Government Policy

Older Australians missing out in rural areas, 27% workforce turnover: Department of Health and Aged Care

The Department of Health and Aged Care (DoHAC) is not meeting targets on the provision of aged care services in rural and remote communities, according to its 347-page Annual Report.

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Caroline Egan

2 hours ago

Development

VIC Govt’s latest aged care home will cost $1.2 million per bed

The Victorian Government is spending $41.1 million in Cohuna, 274km north of Melbourne, to build a 24-bed aged care home. The $1.7 million per bed price tag is well in excess of the widely held estimation in the sector that a bed costs approximately $400,000 to $500,000 to build, The Weekly SOURCE reported last month.

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Caroline Egan

2 hours ago

Community Living

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Opinion

Is David Di Pilla making a land lease wrap up move on Lifestyle Communities and Ingenia?

Last Thursday David Di Pilla’s HMC Capital notified the ASX it had acquired 2.69% of Lifestyle Communities. It looks like they may also have access to another 4.6%, a total of 7.3%, whilst also owning around 8% of Ingenia. What is his strategy? Di...

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Chris Baynes

Out of the Ordinary

Anglicare scraps DMF for LDK’s Village Membership model at Woolooware Shores with early success

The Deferred Management Fee (DMF) has been replaced at the For Purpose Not For Profit’s Woolooware Shores retirement village in Taren Point, 18km south of Sydney’s CBD. Jodie Pennings, Head of Sales, Retirement Living, at Anglicare, contacted us...

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Ian Horswill

Community Living

Simon Owen says: “It is hard to think of many other opportunities which offer such a compelling investment thematic as over 50’s rental communities”

The new CEO of just eight weeks was ebullient in his optimism for the rental village sector in his AGM presentation, comparing it to early Ingenia, a company he took from $30M to $1.7B in value in 14 years. “What really excites me about the role at...

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Ian Horswill

Sector Moves/People

New managerial roles for Ryman Healthcare Australia’s Cam Holland and Ingenia Communities’ Von Slater

One company’s loss is another company’s gain. Ryman Healthcare Australia CEO Cam Holland opted to leave the NZ publicly listed group as it implemented a comprehensive management restructure. He had opened Ryman’s ninth retirement village in...

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Ian Horswill

Mergers & Acquisitions

Simon Owen repositions Eureka as Build to Rent with its first vertical BtR and a horizontal BtR acquisition

In a nice turn of phrase, new Eureka CEO Simon Owen in his AGM speech described its 52 rental village portfolio as horizontal Build to Rent. One village is now being replaced with a 153 unit rental tower at Southport QLD. It has lodged a development...

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Ian Horswill

Community Living

New SATURDAY issue: The two legal problems keeping Village Managers awake at night

At the DCM Institute’s professional development days and its annual VILLAGE SUMMIT, the legal sessions are always among the highest rated and top of the agenda is the risk facing village operators around residents ageing in place. With more...

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Lauren Broomham

Sector Moves & People

DCM Group’s tour of innovative land lease communities and retirement villages in Port Stephens and Newcastle

The sight of residents enjoying themselves is testament to the endeavours of the small number of staff making it possible every day. DCM Group’s workforce boarded a mini bus at its Balmain East offices and were met and welcomed at: Palm Lake...

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Ian Horswill

Aged Care

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Opinion

No capital, no beds, no care: can Hospital in the Home help fill the gap?

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Lauren Broomham

2 hours ago

Government Policy

Department of Health and Aged Care’s Star Ratings “not sufficiently meaningful”: Commonwealth Ombudsman

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Caroline Egan

45 minutes ago

Legal Issues

Confidential settlement on Anglicare Sydney’s Newmarch House COVID-19 class action

The lead plaintiff was Mark Fahey, whose mother was the 14th Newmarch House resident to die from COVID-19

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Caroline Egan

1 hour ago

Living with Dementia

HammondCare returns to profitability as revenue from residential aged care surges 35%

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Caroline Egan

30 minutes ago

Aged Care

Risk of investing in new beds “too large” for smaller providers: Ansell Strategic

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Lauren Broomham

2 hours ago

Mergers & Acquisitions

Perth-based Hall & Prior marks ACT expansion with acquisition of Canberra Aged Care

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Caroline Egan

2 hours ago

Mergers & Acquisitions

Private Equity Partners reportedly to pay more than $1B for 50% of Opal HealthCare

Opal HealthCare is Australia’s largest aged care provider, with 133 aged care homes in NSW, Vic, Qld, WA, and SA, after the acquisition of 31 homes in Victoria from BlueCross

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Caroline Egan

2 hours ago

Government Policy

Older Australians missing out in rural areas, 27% workforce turnover: Department of Health and Aged Care

The Department of Health and Aged Care (DoHAC) is not meeting targets on the provision of aged care services in rural and remote communities, according to its 347-page Annual Report.

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Caroline Egan

2 hours ago

Government Policy

Coalition Senators make 32 recommendations on the Aged Care Bill 2024

After seeking a four-day extension, the Senate Inquiry Report was published on Monday, with the Senate Committee recommending the Aged Care Bill 2024 be passed without amendment.

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Caroline Egan

2 hours ago

Home Care

View all

Living with Dementia

HammondCare returns to profitability as revenue from residential aged care surges 35%

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Caroline Egan

30 minutes ago

Government Policy

Older Australians missing out in rural areas, 27% workforce turnover: Department of Health and Aged Care

The Department of Health and Aged Care (DoHAC) is not meeting targets on the provision of aged care services in rural and remote communities, according to its 347-page Annual Report.

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Caroline Egan

2 hours ago

Government Policy

Coalition Senators make 32 recommendations on the Aged Care Bill 2024

After seeking a four-day extension, the Senate Inquiry Report was published on Monday, with the Senate Committee recommending the Aged Care Bill 2024 be passed without amendment.

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Caroline Egan

2 hours ago

Saturday

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DIGITAL EDITION

Saturday

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

Issue 83 | Aged care: no mission without Taskforce certainty

Issue 82 | Private Aged Care: Go big or go home

Lauren Broomham

15 Aug 2024

Conversation at the Wharf

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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

Partnering With Westpac

VIDEO: “We need a low care model”: Jason Eldering, Southern Cross Care Queensland CEO

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; Dan Aitchison, CEO of Palm Lake Care; Kaizaad Mehta, National Head of Health...

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Ian Horswill

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...

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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...

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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

See more events

Development

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Development

VIC Govt’s latest aged care home will cost $1.2 million per bed

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Caroline Egan

Development

Forestville RSL Club in Northern Sydney latest attracted to seniors living to save its future

The club, established in 1959, is seeking a two-stage $77 million redevelopment of the entire 9014msq site for a new venue and 39 two- and three-bedroom independent living units (ILUs) in a low-density apartment complex. Forestville RSL Club CEO Ian...

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Ian Horswill

Redevelopments

IRT to redevelop its original seniors’ living complex in Wollongong built over 50 years ago

CEO Patrick Reid said IRT’s proposed $11.5 million upgrade of its first high rise for retirees will see the complete refurbishment of all 104 units, as well as additional open communal spaces. Residents will remain living there during the...

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Ian Horswill

Community Living

Aura Holdings finish The Pavilion North Kirra retirement village, Gold Coast, with all apartments above $1M

The completion of Stage Two at The Pavilion North Kirra means Aura Holdings has delivered a total of 201 new retirement living apartments to the market in 2024, showcasing a year of growth and success, with “multiple new projects on the...

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Ian Horswill

Government

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Government Policy

Department of Health and Aged Care’s Star Ratings “not sufficiently meaningful”: Commonwealth Ombudsman

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Caroline Egan

Government Policy

Older Australians missing out in rural areas, 27% workforce turnover: Department of Health and Aged Care

The Department of Health and Aged Care (DoHAC) is not meeting targets on the provision of aged care services in rural and remote communities, according to its 347-page Annual Report.

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Caroline Egan

Government Policy

Coalition Senators make 32 recommendations on the Aged Care Bill 2024

After seeking a four-day extension, the Senate Inquiry Report was published on Monday, with the Senate Committee recommending the Aged Care Bill 2024 be passed without amendment.

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Caroline Egan

Development

VIC Govt’s latest aged care home will cost $1.2 million per bed

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Caroline Egan

Government Policy

NSW Government boosts $16M Tenants Advice & Advocacy Services delivered by 21 NFP operators

The network of 21 Not For Profit organisations respond to around 30,000 requests a year for tenancy advice from renters in private and social housing, boarders, lodgers, and land lease community residents, according to the State Government. NSW Fair...

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Ian Horswill

Government Policy

“Improve vaccination rates” in aged care immediately: COVID-19 Response Inquiry

The COVID-19 Response Inquiry (CRI), which Prime Minister Anthony Albanese announced in September last year, revisits a grim chapter for the aged care sector, and its report, released this week, makes 35 “guiding recommendations” and “actions” aimed...

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Caroline Egan

Government Policy

Senate Inquiry hearings wrap up, with report due Thursday

Hearings for the Senate Inquiry into the Aged Care Bill 2024 wrapped up last week, with Grant Corderoy, Senior Partner with aged care accountants StewartBrown, among the final speakers. Grant addressed the “critical shortage” of aged care beds, with...

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Caroline Egan

Home Care

Cut in care management funding threatens “high quality” home care, say providers

The proposed 10% cap on care management fees under the Support at Home model has emerged as one of the most contentious issues of the new Aged Care Bill, released on 12 September. Sarah Newman, General Manager BaptistCare At Home, which has 15,000...

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Caroline Egan

Aged Care

Aged care ENs and RNs on track for double figure wage rises: FWC “provisional view”

The Fair Work Commission (FWC) has issued a “provisional view” on the application by the nurses’ union, the Australian Nursing and Midwifery Federation (ANMF), to further increase aged care nurse wages, proposing to phase the increases in over...

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Caroline Egan

Housing News

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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

Rebuilds

UnitingSA behind $25M plan for housing for women aged over 55 in Adelaide

A 2,950sqm site with outdated social housing buildings in Bowden, 2km northwest of Adelaide’s CBD, will be demolished for a new $25 million development primarily for housing women over 55 facing homelessness. Uniting SA is seeking planning approval...

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Ian Horswill

Development

Queensland’s biggest social housing project includes two-bedroom homes for people over 55

FCC Construction Australia and Modscape have begun the building of 490 purpose-built one- and two-bedroom homes including 245 social housing apartments, 223 affordable homes, and 22 specialist disability accommodation apartments, in Woree, a suburb...

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Ian Horswill

Government Policy

Guidance on Strengthened Aged Care Quality Standards will be released by year’s end

The Aged Care Quality and Safety Commission has released its findings from consultation on the guidance documents for the Strengthened Aged Care Quality Standards.

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Caroline Egan

Housing

“Age in place” homes to be built in Whitlam in the ACT

Housing ACT Growing and Renewing Public Housing Program has announced 25 two-, three-and four-bedroom homes will be built in Whitlam, a suburb in the Molonglo Valley. The townhouses will all be Class C adaptable, which means they are suitable for...

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Ian Horswill

Awards

The Salvation Army’s Affordable Housing Complex in Chermside, Brisbane, wins Property Council State/Territory Development of the Year award

Built by Total Construction with architects DC8Studio, the three storey, 26 two- and three-bedroom unit Affordable Housing Complex now goes into the Property Council’s National Innovation & Excellence Awards in Sydney next month. Mainly funded...

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Ian Horswill

Housing

Churches of Christ Housing Services in $23.1M joint venture for seniors housing on QLD’s Sunshine Coast

Funded in partnership with the Queensland Government, the 40 units at Little Mountain, a suburb of Caloundra in the Sunshine Coast Region, are designed to gold and platinum Liveable Housing Australia design guidelines to meet the changing needs of...

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Ian Horswill

Opinion

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Opinion

No capital, no beds, no care: can Hospital in the Home help fill the gap?

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Lauren Broomham

Opinion

Is David Di Pilla making a land lease wrap up move on Lifestyle Communities and Ingenia?

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Chris Baynes

Opinion

“There is no dignity”: there will be more headlines like this about home care

With the waitlist for Home Care Packages jumping by 8,000 people in just four months, the tragic case of Cyril Tooze will be the first of many stories to grab the front page of the news organisations. Last week, The Australian dedicated a large...

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Lauren Broomham

Opinion

It is time every village operator signs up to the Code of Conduct

In November 2018, Retirement Living Council President and CEO of RetireAustralia, Alison Quinn (pictured), said the final draft Retirement Living Code of Conduct had now been endorsed by the RLC members and operators were expected to sign up and...

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Chris Baynes

Opinion

No Minister: aged care reforms won’t solve the capital crisis facing the sector

The shortfall in new aged care beds that need to be developed over the next five years was a dominant theme at the Aged and Community Care Providers Association (ACCPA)’s National Conference yesterday and there are no easy fixes despite the...

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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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Out of the Ordinary

Anglicare scraps DMF for LDK’s Village Membership model at Woolooware Shores with early success

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Ian Horswill

In the Headlines

Retirement Living Council says ABC 7.30 retirement living coverage is activist journalism

The Retirement Living Council has told the ABC its “campaign” against the retirement living sector is clearly in breach of the taxpayer-funded broadcaster’s Editorial Policies, Principles and Standards, particularly in relation to impartiality...

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Ian Horswill

News & Issues

Look Adele Ferguson: Here’s five people of 249,996 people you did not interview who have been in retirement living for 130 years combined

ABC 7.30 featured four residents in its agenda-driven stories on retirement villages to claim there are “systemic” issues in the retirement living sector and the “Fee structure creates incentive to churn residents’. That left 249,996...

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Ian Horswill

In the Headlines

$13.5B land lease community penetration rate now estimated 3% compared to 1.6% in 2021 with demand unsatisfied: Chadwick Property Valuers

The Retirement Living Council states 250,000 people live in retirement living; the Chadwick Land Lease Communities (LLC) Industry Report September 2024 estimates 135,000 people now live in the $13.5 billion land lease communities’ sector. “In...

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Ian Horswill

News & Headlines

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

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Ian Horswill

Out of the Ordinary

$1 for a site in inner-city Sydney – just design, build and operate an aged care home

The City of Sydney is looking for a Not For Profit aged care provider to design, build and operate a residential aged care home for the local community on its 1,925sqm site at 49 Cope Street, Redfern, which is currently being used as a 55-place car...

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Caroline Egan

Out of the Ordinary

How should retirement living operators be looking at the future? Find out at ACCPA’s National Conference

The Aged and Community Care Providers Association (ACCPA) is putting key issues such as development, finance and strategy planning under the microscope at its upcoming Conference (23-25 October) in Adelaide. Session 3 of its Strategic Spotlight on...

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Lauren Broomham

Health

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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

Health

COVID-19 vaccinations double after Janet Anderson’s warning to boards of aged care operators

More than half (51.5%) of aged care residents have received a COVID-19 vaccination in the last six months, after more than 23,000 residents received their shot in the month to 7 August, compared with only 12,000 for the month to 27 June, according...

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Caroline Egan

Technology

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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

Technology

Telstra and Optus switched off 3G networks on 28 October

Telstra and Optus began closing down their 3G networks on 28 October 2024, with Telstra saying it will take about a week to shutdown their network, and Optus saying the process could take months. Devices that may be affected include phones...

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Caroline Egan

Home Care

BESTMED launches purpose-built medication management for home care

BESTMED for Home Care will be available for demonstration at the ACCPA National Conference being held in Adelaide on 23-25 October. Home Care providers can register their interest here

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Caroline Egan

Technology

Perth home care and veterans services provider TPG Aged Care’s systems hacked

In 2020, Anglicare was also hit by a ransomware attack, as was UnitingCare Queensland in 2021

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Caroline Egan

Mergers & Acquisitions

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Mergers & Acquisitions

Perth-based Hall & Prior marks ACT expansion with acquisition of Canberra Aged Care

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Caroline Egan

Mergers & Acquisitions

Private Equity Partners reportedly to pay more than $1B for 50% of Opal HealthCare

Opal HealthCare is Australia’s largest aged care provider, with 133 aged care homes in NSW, Vic, Qld, WA, and SA, after the acquisition of 31 homes in Victoria from BlueCross

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Caroline Egan

Mergers & Acquisitions

Estia Health buys Calvary Health Care’s three aged care homes in QLD

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Caroline Egan

Mergers & Acquisitions

Private Torrens Health expands into retirement living in Adelaide with seven NFP villages

The investment business behind nursing staffing agencies including YNA, Alpha Nursing and Human Management & Nursing Services, Torrens Medical and its Hospital in the Home service, has bought Life Care’s seven retirement villages in Adelaide...

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Lauren Broomham

Mergers & Acquisitions

Simon Owen repositions Eureka as Build to Rent with its first vertical BtR and a horizontal BtR acquisition

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Ian Horswill

Mergers & Acquisitions

Affordable housing group Aspen sells over 50% of its shares in Eureka to reduce debt

The former suitor of Eureka, the only pure-play over 50s rental community owner and operator, sold $33.6 million worth of Eureka Group shares after last Tuesday’s closing bell. Fund managers were offered Eureka shares at 61 cents, a discount on...

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Ian Horswill

Mergers & Acquisitions

Hometown adds Macquarie Shores to its 57 leading land lease communities portfolio

Hometown Australia has bought Malcolm May’s Macquarie Shores Home Village on the NSW Central Coast. The over 50s manufactured housing estate of 215 homes in Doyalson North, 110km north-northeast of Sydney’s CBD, has two homes for sale on its...

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Ian Horswill

Mergers & Acquisitions

Mercy Health buys out Bentley Wood Health and Aged Care’s homes in Victoria

Not For Profit Mercy Health, which operates 30 aged care homes across Victoria, New South Wales, Queensland and Western Australia, has acquired another two aged care homes - those of Bentley Wood Health and Aged Care, located in Yarrawonga and...

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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