The Weekly SOURCE

Exclusive: home care service margins need to increase from 13% to 33% to maintain operating surplus, says StewartBrown

Home care operators have seen a marginal improvement in their finances in the December 2024 quarter – but will need to grow their service margins beyond the required service price increases to maintain financial viability under the new Support at Home program, says the latest report from StewartBrown.

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Lauren Broomham

11 hours ago

Opinion

Small is good – and faster in retirement living, but what does that say about the future?

Today we cover Mark Bindon and Franco DePasquale announcing their re-entry to the retirement village sector with three separate village projects of around just 25 homes each. Meanwhile Adrian Puljich announced at the LEADERS SUMMIT his new Aliri...

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Chris Baynes

01 Apr 2025

Mergers & Acquisitions

Bids for Brookfield’s retirement village operator Aveo are in

The Canadian multinational investment firm with over US$1 trillion of assets under management placed its retirement village owner/operator up for sale in June last year Bids for Aveo closed on Friday last week, The Australian reported. With a $3...

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Ian Horswill

31 Mar 2025

Government Policy

A local government recognising the need for seniors housing

Perth’s largest local government area has 20% of its population over the age of 55. By 2036, the region will need 918 extra aged care beds and 1,300 more retirement village units, the City of Swan states. It decided to act and in 2024 sold Elvire...

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Ian Horswill

31 Mar 2025

Out of the Ordinary

Mark Bindon told LEADERS SUMMIT 2024 he’d be back. Now, he returns with Kado Residences — high-end, wellness-infused retirement living with three premier coastal locations revealed

The visionary Founders of Oak Tree Group, Mark Bindon and Franco DePasquale, have launched Kado Group, their latest venture alongside General Manager Melissa Luck, also formerly of Oak Tree. Bringing together a trusted team from their former brand...

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Ian Horswill

31 Mar 2025

Funding

Looking to buy? Keyton increases debt with retirement living sector’s first green loan

When the leading owner and operator of retirement villages put its Western Australia portfolio up for sale last September, speculation rose why it needed the money. Now Keyton has increased its debt facilities to $1.3 billion with a significant...

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Ian Horswill

31 Mar 2025

Aged Care

Exclusive: residential aged care set to return to the red without funding reform, forecasts StewartBrown

Residential aged care is continuing to see an uplift in its financial performance thanks to an increase in AN-ACC funding to meet care minute targets, but this boost is set to decline within 12 months – reducing operator margins – according to the aged care accountants.

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Group Editor

05 May 2023

Topic - Housing News

Sydney Anglican Property lodging DAs to renew two sites with housing for women over 55 included

Social and affordable housing is much-needed in Sydney’s southwest and two projects delivering almost 260 such homes have been successful under Round 1 of the Albanese Government’s Housing Australia Future Fund (HAFF). However, as the Coalition...

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Ian Horswill

31 Mar 2025

Out of the Ordinary

“I can still recall the curious smirks and audible laughter”: LDK Seniors’ Living takes $200M plus for new village Amberfield without advertising

Bryon Cannon, CEO of what he told the LEADERS SUMMIT 2025 is a home care operator within a retirement village setting, urged the retirement living executives to consider breaking from the DMF model. LDK Seniors’ Living Village Membership, which is...

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Ian Horswill

31 Mar 2025

Sector Moves & People

Fresh Hope Communities inaugural CEO Daniel Dwyer farewelled

Daniel was appointed the inaugural CEO of the organisation, formerly known as Churches of Christ Community Care, in November 2020, having been Director, Group Operations since October 2016. He was farewelled last Friday after tendering his...

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Ian Horswill

31 Mar 2025

Sector Expert Partners

Levande appoint a new strategic, creative and branding partner

Effective immediately, the retirement operator Levande has chosen 303 MullenLowe as its new strategic, creative and branding partner after a competitive pitch. Levande, owned by EQT Infrastructure, has more than 9,000 residents living in 59...

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Ian Horswill

31 Mar 2025

Community Living

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Sector Moves & People

LEADERS SUMMIT 2025 presentation videos available on YouTube: Chris Baynes’ opener

DCM Group CEO Chris Baynes launched the LEADERS SUMMIT 2025 with a national landscape review to a sold-out audience of the leading executives from the ageing sector. The SUMMIT program was curated to lead delegates through the significant challenges...

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Ian Horswill

Opinion

Small is good – and faster in retirement living, but what does that say about the future?

Click here

Chris Baynes

Out of the Ordinary

Mark Bindon told LEADERS SUMMIT 2024 he’d be back. Now, he returns with Kado Residences — high-end, wellness-infused retirement living with three premier coastal locations revealed

Click here

Ian Horswill

Government Policy

A local government recognising the need for seniors housing

Click here

Ian Horswill

Mergers & Acquisitions

Bids for Brookfield’s retirement village operator Aveo are in

Click here

Ian Horswill

Funding

Looking to buy? Keyton increases debt with retirement living sector’s first green loan

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Ian Horswill

Sector Moves & People

Fresh Hope Communities inaugural CEO Daniel Dwyer farewelled

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Ian Horswill

Aged Care

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Aged Care

Exclusive: residential aged care set to return to the red without funding reform, forecasts StewartBrown

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Lauren Broomham

11 hours ago

Sector Moves & People

LEADERS SUMMIT 2025 presentation videos available on YouTube: Chris Baynes’ opener

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Ian Horswill

31 Mar 2025

Sector Moves & People

Fresh Hope Communities inaugural CEO Daniel Dwyer farewelled

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Ian Horswill

31 Mar 2025

Legal Issues

Former police officer avoids jail for Taser death of 95-year-old Clare Nowland

Four months after being found guilty of the manslaughter of Clare Nowland, Yallambee Lodge aged care resident in Cooma, former NSW Senior Constable Kristian White has walked free from court following his sentencing hearing.

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Lauren Broomham

28 Mar 2025

Government Policy

Catholic Health Australia want aged care at forefront of election campaign again

Tom Symondson, Ageing Australia Chief Executive Officer, said three weeks ago the timelime for implementing Support at Home was “bordering on impossible” and said after the Federal Budget on Tuesday the $10,000 per provider for critical upgrades to...

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Ian Horswill

28 Mar 2025

Opinion

Reminder: Labor spruiking $17.7B aged care wage spend is great news – but Coalition put first stake in the ground

One figure from Treasurer Jim Chalmers’ Tuesday Federal Budget stood out to me.

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Lauren Broomham

27 Mar 2025

Technology

After spending millions, a new report finds “gaps” in Govt’s aged care technology systems

“Standardised data sharing is vital to connected and coordinated care across the aged care sector,“ according to a new report by the CSIRO’s Australian e-Health Research Centre (AEHRC) and the Digital Health Cooperative Research Centre (DHCRC).

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Caroline Egan

27 Mar 2025

Aged Care

New SATURDAY magazine: The “sweet spot” for mid-sized aged care providers revealed

Also on the panel were Cameron McPherson, CEO of private Medical & Aged Care Group (MACG), Diana Horvatovic, CEO of Not For Profit St. Basil’s Aged Care NSW/ACT, and Tim Humphries, CEO of private operator Homestyle Aged Care

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Caroline Egan

27 Mar 2025

Development

Construction begins on VIC Govt’s $1.7M per bed aged care home in Cohuna

The $41.1 million facility, being built 275km north of Melbourne, will contain 24 aged care beds and eight hospital beds, and is part of the Victorian Government’s Regional and Rural Public Sector Residential Aged Care Services Revitalisation Strategy.

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Caroline Egan

27 Mar 2025

Home Care

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Home Care

Exclusive: home care service margins need to increase from 13% to 33% to maintain operating surplus, says StewartBrown

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Lauren Broomham

11 hours ago

Government Policy

Catholic Health Australia want aged care at forefront of election campaign again

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Ian Horswill

28 Mar 2025

Opinion

Reminder: Labor spruiking $17.7B aged care wage spend is great news – but Coalition put first stake in the ground

One figure from Treasurer Jim Chalmers’ Tuesday Federal Budget stood out to me.

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Lauren Broomham

27 Mar 2025

Saturday

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DIGITAL EDITION

Saturday

Issue 95 | LEADERS SUMMIT Special: Designing your next decade

Issue 94 - Lou Pascuzzi - Chief Executive Officer & Managing Director, TLC Healthcare

Issue 93 | Man on a mission

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

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

Issue 85 | Aged care optimism 2.0

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

Lauren Broomham

13 Sep 2024

Conversation at the Wharf

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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

View all

Government Policy

A local government recognising the need for seniors housing

Click here

Ian Horswill

Opinion

Small is good – and faster in retirement living, but what does that say about the future?

Click here

Chris Baynes

Topic - Housing News

Sydney Anglican Property lodging DAs to renew two sites with housing for women over 55 included

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Ian Horswill

Development

New Stockland Halcyon land lease community part of latest residential release

Rivermont, a new masterplanned community in Waraba, 49km north of Brisbane’s CBD, will include a Halcyon over 50s community designed specifically for active retirees and rightsizers. Stockland General Manager QLD Development, David Laner, said the...

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Ian Horswill

Government

View all

Home Care

Exclusive: home care service margins need to increase from 13% to 33% to maintain operating surplus, says StewartBrown

Click here

Lauren Broomham

Aged Care

Exclusive: residential aged care set to return to the red without funding reform, forecasts StewartBrown

Click here

Lauren Broomham

Government Policy

A local government recognising the need for seniors housing

Click here

Ian Horswill

Government Policy

Catholic Health Australia want aged care at forefront of election campaign again

Click here

Ian Horswill

Opinion

Reminder: Labor spruiking $17.7B aged care wage spend is great news – but Coalition put first stake in the ground

One figure from Treasurer Jim Chalmers’ Tuesday Federal Budget stood out to me.

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Lauren Broomham

Home Care

DOHAC to monitor Support at Home fees as “indicative prices” released

The Minister for Aged Care Anika Wells has warned providers there will be regulatory consequences for providers charging “excessive” fees, as the Department of Health and Aged Care releases indicative Support at Home prices for providers revising fees for Support at Home reforms coming in from 1 July 2025.

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Caroline Egan

Technology

After spending millions, a new report finds “gaps” in Govt’s aged care technology systems

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Caroline Egan

Home Care

Bunnings eyes potential $2.1B market as it expands range of aged care and disability support products

Months before the Government introduces Support at Home, which will provide older Australians with up to $15,000 for assistive technology and home modifications, bunnings has expanded its range of aged care and disability support goods.

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Caroline Egan

Sector Moves & People

QLD nurses’ union seeks FWC approval to negotiate pay and conditions with three aged care providers in sector first

The Queensland Nurses and Midwives Union has asked the FWC if it can begin multi-enterprise supported bargaining with Anglicare Southern Queensland, Superior Care Group, and Catholic Healthcare Limited.

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Caroline Egan

Housing News

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Topic - Housing News

Sydney Anglican Property lodging DAs to renew two sites with housing for women over 55 included

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Ian Horswill

Funding

Mareeba Community Housing Co granted extension to management of Community Housing for Seniors in Cape York

The community at the base of Cape York Peninsula in Far North Queensland has more than 300 locals, including seniors, currently vulnerable to homelessness. Mareeba Community Housing Company (MCHC), which was given a three-year extension to its...

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Ian Horswill

Community Living

Catholic Care in partnership to provide housing for women 55+

The Diocese of Parramatta’s social welfare agency is working with the Older Women’s Network Blue Mountains to address the plight of housing insecurity and homelessness for women aged 55 and over in the region on the outskirts of western Sydney...

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Ian Horswill

Sector Moves & People

Former Ingenia Communities executive Kate Melrose appointed Non Executive Director of community housing provider Evolve Housing

Kate was a lead in the growth of the ASX-listed Ingenia Communities for 10 years, almost solely as Executive & General Manager Project Sales. She spent the final 10 months in a part-time role as Principal Advisor Stakeholder Engagement and...

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Ian Horswill

Government Policy

Vasey RSL Care secures $5.7M for acute housing for veterans

The leading provider of ex-service accommodation, care and support is creating The V Satellite, in Geelong, Victoria, to provide transitional accommodation and support services to veterans in need after securing $4.3 million from the Australian...

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Ian Horswill

Housing News

Albanese’s $10B housing fund announced in June 2023 has not seen a new home built

Housing Australia said last week it has entered into 29 funding agreements with preferred applicants, supporting the delivery of 2,107 social and affordable homes, but none have commenced construction. Under Round One of the Housing Australia Future...

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Ian Horswill

Sector Moves & People

BaptistCare announce leadership team for new entity after merger finalised

The successful completion of the merger between Baptcare(VIC, TAS, SA), Baptist Care SA and BaptistCare (NSW, ACT, WA) has been announced with the new entity to be known as BaptistCare. “This merger is about much more than pooling resources; it’s...

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Ian Horswill

Housing

SATURDAY magazine – it’s your business: affordable seniors’ housing on the back of a ute

Designed for ageing in place? Check. Up to three or four bedrooms? Check. Can be folded down to 2.5 metres wide? Check. Innovative VanHomes is making the old granny flat look like the doghouse. Full story in SATURDAY magazine. Considering...

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Ian Horswill

Housing News

Toowoomba car park fast-tracked by Qld Govt for affordable Build to Rent

BTR’s second wind is having impact with the housing crisis. 75 apartments will be built on a car park in the centre of the city, 132km west of Brisbane, with work beginning this week. It is a Brisbane Housing Company (BHC) project, one of 17...

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Ian Horswill

Housing News

Largest BTR announced in Sydney’s inner west where retirement living is few and far between

With financial incentives making it possible Rent to Live Co, a spin-off by the founders of student housing provider Scape, has announced a $1.5 billion Marrickville Timberyards development with almost 1,200 rental units, including 115 affordable...

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Ian Horswill

Community Living

Aspen buys 26ha site in WA and reveals plans as HY25 results show strong growth

The ASX-listed affordable housing group has shown the vociferous demand for its products as it released its HY25 Financial Result on Thursday. Aspen Group’s revenue increased by 20.1% to $50.9 million, and its profit surged by 39.9% to $31.2 million...

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Ian Horswill

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

Opinion

View all

Opinion

Small is good – and faster in retirement living, but what does that say about the future?

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Chris Baynes

Opinion

Reminder: Labor spruiking $17.7B aged care wage spend is great news – but Coalition put first stake in the ground

One figure from Treasurer Jim Chalmers’ Tuesday Federal Budget stood out to me.

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Lauren Broomham

Opinion

Level the playing field on payroll tax: Homestyle Aged Care CEO Tim Humphries’ political wishlist

If incoming reforms, most based on recommendations of the Aged Care Royal Commission, don’t improve the lives older Australians they should be scrapped, says Tim Humphries, CEO of private aged care provider Homestyle Aged Care.

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Caroline Egan

Chris Baynes

Structural policy, productivity and strategic imperatives to support ageing Australians missing at one minute to midnight

We get it; it’s an election budget, and as Paul Keating used to say, ‘if you are not in power, you have no power’.

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Chris Baynes

Opinion

Fact: the village sector understands retirement accommodation. It is time to shine

NSW Planning has just delivered the “worst-case scenario for the seniors housing industry’ in its Low and Mid-Rise Housing Policy, leaving retirement villages behind as ‘road kill’, according to Ethos Urban. In summary, affordable housing...

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Chris Baynes

Funding

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Funding

Looking to buy? Keyton increases debt with retirement living sector’s first green loan

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Ian Horswill

Development

Purrkanaitya Aboriginal Elders Village in Bedford Park, SA, building begins after $5.15M grant

The elders’ village in the southern suburb of Adelaide will include 40 culturally appropriate one-bedroom social dwellings, which will include the necessary infrastructure to promote independent living within a community setting for Aboriginal...

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Ian Horswill

Funding

Mareeba Community Housing Co granted extension to management of Community Housing for Seniors in Cape York

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Ian Horswill

Sector Moves & People

QLD nurses’ union seeks FWC approval to negotiate pay and conditions with three aged care providers in sector first

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Caroline Egan

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

News & Headlines

View all

Out of the Ordinary

Mark Bindon told LEADERS SUMMIT 2024 he’d be back. Now, he returns with Kado Residences — high-end, wellness-infused retirement living with three premier coastal locations revealed

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Ian Horswill

Out of the Ordinary

“I can still recall the curious smirks and audible laughter”: LDK Seniors’ Living takes $200M plus for new village Amberfield without advertising

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Ian Horswill

Legal Issues

Former police officer avoids jail for Taser death of 95-year-old Clare Nowland

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Lauren Broomham

News & Headlines

Five years on, the COVID-19 virus is still in 104 aged care homes

Five years after the World Health Organisation declared COVID-19 a pandemic in 2020, its impact is still being felt in residential aged care.

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Caroline Egan

News & Headlines

How much do retirement village and aged care operators pay? Now you can find out

The Workplace Gender Equality Agency (WGEA) has published its latest set of Australian private sector employer gender gaps revealing for the first time each employers’ average remuneration, including a breakdown from frontline to senior leadership...

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Lauren Broomham

In the Headlines

Australian Unity’s myHomecare acquisition grew revenue 35%: HY25 results

Australian Unity (AU)’s March 2024 acquisition of myHomecare Group helped the company grow revenue by 35% to $1.3 billion in its HY 2024-25 results, while Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) rose 30% to $58 million...

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Caroline Egan

News & Headlines

Cyclone Alfred landfall now forecast later than previously expected

As more than 1,000 retirement villages, land lease communities and residential aged care homes work tirelessly to prepare for Tropical Cyclone Alfred to make landfall, the Bureau of Meteorology has updated its forecasts for the Category 2 cyclone, now predicting it will reach Moreton Island by 7pm Friday and Brisbane at 7am Saturday, later than previously predicted.

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Caroline Egan

Health

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Opinion

LEADERS SUMMIT 2025: ‘wellness’ and reablement should be key to future strategy for sector

Australia is already struggling to meet growing demand for care and support and this will only worsen with the ageing population - the focus must shift to reaching people before they require hospital-level treatment with much of the responsibility falling on aged care and retirement living operators.

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Lauren Broomham

Home Care Delivery

Five Good Friends - revolutionising homecare: a self-service platform that connects people with the best care and health solutions in their community

Live well at home - Life changing care at home and helping people live engaged and successful lives in the homes & communities they love. All of Five Good Friends’ home service tools are available via our mobile app. NDIS approved

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Group Editor

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

Technology

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Technology

After spending millions, a new report finds “gaps” in Govt’s aged care technology systems

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Caroline Egan

Technology

Amplar Health awarded $31.2M in Govt funding to trial virtual nurses in aged care

Medibank-owned Amplar Health will deliver virtual nursing services to residents in 30 aged care homes across Australia, with the trial focusing on rural and remote areas, and homes supporting older people from diverse backgrounds.

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Caroline Egan

Technology

The most exciting potential uses for generative AI: leaders share their thoughts at Conversations at the Wharf

Will Egan, CEO of healthcare education platform Ausmed, says home care staff, who often work remotely and alone, will be able to use generative Artificial Intelligence (AI) with a verbal interface in the future to debrief after a difficult visit before they go on to their next client.

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Caroline Egan

Technology

300,000+ homes power cut by ex-Tropical Cyclone Alfred but not this over 50s land lease community

More than 44,000 homes on the Gold Coast still remained without power when Prospecta Utilities CEO Mark Langdon spoke at the LEADERS SUMMIT in Sydney last Wednesday. He told how Prospecta Utilities’ private wireless 5G network at GemLife Gold...

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Ian Horswill

Mergers & Acquisitions

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Mergers & Acquisitions

Bids for Brookfield’s retirement village operator Aveo are in

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Ian Horswill

Mergers & Acquisitions

IPLiving about to acquire fourth retirement village, LEADERS SUMMIT hears

Mark Fay, CEO of the new purpose-led retirement living business IPLiving, told LEADERS SUMMIT it would look to buy retirement villages outside of Victoria after stating it was about to buy its fourth in the state. “We have three existing villages...

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Ian Horswill

Mergers & Acquisitions

Aveo decides to keep its two Tasmanian retirement villages as part of sale

In April 2024, the Brookfield-owned retirement village operator announced it was selling its 15 retirement villages in South Australia and its two villages in Tasmania to become an East Coast operator. In August last year, Aveo announced it had sold...

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Ian Horswill

Mergers & Acquisitions

BaptistCare acquire two Sydney retirement villages and last residential facility owned by Presbyterian Aged Care

The Not For Profit has announced this afternoon (Monday 24 March) has acquired Presbyterian Aged Care’s eight-unit Iona Village and the 66-bed Minnamurra aged care home in Drummoyne, 6km west of Sydney’s CBD, and the 25-unit Pitt Wood Village in Ashfield, 8km west of the CBD.

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Ian Horswill

Mergers & Acquisitions

Estia Health buys two of Mark and Evette Moran’s three aged care homes

Bain-capital owned Estia Health is continuing its acquisition campaign with the announcement it is purchasing two aged care homes from Mark Moran Group, homes at Little Bay and Warrawee in Sydney, NSW.

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Caroline Egan

Mergers & Acquisitions

Respect makes first foray into WA aged care operations

After over 40 years of ownership, Amana Living is set to hand over its aged care home, retirement village and home care services in the regional town, around 593km west of Perth, to the rural and regional specialist – marking the acquisition of Respect’s 28th aged care facility.

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Lauren Broomham

Mergers & Acquisitions

Seabrook Lifestyle Estate’s approved 216-home land lease community in Tasmania’s northwest for sale for over 18 months

The 11.6ha site off the Bass Highway in the rural locality Doctors Rocks on Tasmania’s northwest coast was to be Tony Parker’s first venture in over 55s living after Waratah-Wynyard Council approved the development application in April 2023. The...

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Ian Horswill

Mergers & Acquisitions

Hall & Prior announces date for takeover of beleaguered Blue Haven Bonaira aged care home

The WA-based family-owned aged care operator has revealed the majority of Bonaira staff have accepted offers of employment, with regulatory approval from the Department of Health and Aged Care for the transfer of operations expected in “the next week or two”.

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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