The Weekly SOURCE

New modular homes for seniors in West Australian town

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

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Ian Horswill

10 Jan 2025

Government Policy

South Australia considering allowing six-storey retirement villages

Consultation is now open for the proposed amendment proposing changes to the planning rules to enable a wider variety of housing and more flexibility for building apartment-style homes and retirement living across the state, states a state...

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Ian Horswill

10 Jan 2025

Development

Aspen Group’s $70M affordable Build to Rent development lodged in Adelaide

The ASX-listed affordable accommodation provider has lodged a development application with Norwood, Payneham and St Peters Council to build a six-storey building with 78 fully furnished Build to Rent studio and one-bedroom apartments, 12...

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Ian Horswill

09 Jan 2025

Mergers & Acquisitions

Why Ingenia Communities is winding up its five managed funds

CEO John Carfi said the decision to wind up its managed funds was consistent with the Ingenia’s intention to refine its portfolio and simplify operations. “The capital released will contribute toward further investment in our development...

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Ian Horswill

09 Jan 2025

Retirement and Community Living

The Not For Profit with waiting lists at all seven of its retirement villages

Southern Cross Care (WA) has seen 58 new residents into its seven retirement villages, six within Perth and its Donovan Village in Forrestfield, a suburb of the City of Kalamunda, 15km southeast of Western Australia’s capital city. With the state’s...

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Ian Horswill

08 Jan 2025

Mergers & Acquisitions

Regis acquires BodeWell Community Care to double its home care business revenue to $30M a year

Managing Director and CEO Dr Linda Mellors acknowledged the opportunity the ageing population and the consumer preference to age in place behind its decision to buy the Knowles Group’s in-home services business, launched in 2007.

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Ian Horswill

08 Jan 2025

Mergers & Acquisitions

Estia Health buys seven homes from David Di Pilla’s Aurrum Aged Care

The two businesses have announced Bain Capital-owned Estia Health will buy Aurrum Aged Care’s three homes on the NSW Central Coast in Erina, Norah Head, and Wyoming and the four homes in Melbourne - Brunswick, Healesville, Plenty, and Reservoir -...

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Group Editor

05 May 2023

Development

Is Adrian Puljich the ageing sector’s most active operator?

The innovative and prominent over-50s land lease lifestyle resort operator launched Aliria, solely owned and directed by himself in September last year, which sits with the booming GemLife and Living Gems businesses, which he also heads as Director...

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Ian Horswill

08 Jan 2025

Community Living

Stockland launches its first over 50s community in Ipswich, QLD

Halcyon Providence is the developer’s latest over 50s community within one of its masterplanned communities.

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Ian Horswill

08 Jan 2025

Development

Stockwell’s Solana Lifestyle Resorts lodge plans for fifth over 50s resort in QLD

Stockwell Development Group has applied to Bundaberg Regional Council to build a Solana Lifestyle Resort with 403 single-storey two-bedroom homes over eight stages on 17ha of land at Bargara, a popular location for retirement living communities.

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Ian Horswill

08 Jan 2025

Development

Construction of new aged care home at RFBI Cessnock Masonic Village to start soon

The Not For Profit owner and operator of residential aged care homes, retirement villages and home care in NSW and the ACT has appointed Planix Projects and Hines Constructions to build a modern home for residents in the Hunter Valley city, 154km...

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Ian Horswill

06 Jan 2025

Community Living

View all

Government Policy

New modular homes for seniors in West Australian town

Click here

Ian Horswill

Government Policy

South Australia considering allowing six-storey retirement villages

Click here

Ian Horswill

Mergers & Acquisitions

Why Ingenia Communities is winding up its five managed funds

Click here

Ian Horswill

Community Living

Stockland launches its first over 50s community in Ipswich, QLD

Halcyon Providence is the developer’s latest over 50s community within one of its masterplanned communities.

Click here

Ian Horswill

Retirement and Community Living

The Not For Profit with waiting lists at all seven of its retirement villages

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Ian Horswill

Government Policy

Great news for retirement village operators planning developments in NSW

The criteria for the NSW Government’s Housing Delivery Authority includes seniors housing specifically as a priority on its delivery. The Housing Delivery Authority (HDA) will lead a new streamlined State Significant Development (SSD) pathway and...

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Ian Horswill

Development

Is Adrian Puljich the ageing sector’s most active operator?

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Ian Horswill

Aged Care

View all

Mergers & Acquisitions

Estia Health buys seven homes from David Di Pilla’s Aurrum Aged Care

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Ian Horswill

10 Jan 2025

Development

Construction of new aged care home at RFBI Cessnock Masonic Village to start soon

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Ian Horswill

06 Jan 2025

Mergers & Acquisitions

St Andrews Village Ballina adds second Byron Bay aged care home

The NSW Northern Rivers-based Not For Profit took on the 41-bed Byron Aged Care home in Byron Bay, 35km north of its base in Ballina, last month as it refocuses its strategic plan on retirement living and residential aged care.

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Lauren Broomham

06 Jan 2025

Opinion

2024 aged care report card: pass for residential care, home care a failure

The final report card for the aged care sector looks very different depending on what services you deliver.

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Lauren Broomham

18 Dec 2024

Government Policy

Fed Govt to release 7,615 new Home Care Packages as 76,000 wait for care

The Government will spend just $101.7 million on the new Packages ahead of the transition to the new Support at Home program from 1 July 2025.

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Lauren Broomham

18 Dec 2024

Government Policy

Breaking news: Fed Govt slashes $2.5B off aged care with new payments in arrears for residential aged care from 1 July 2026

With the Federal Budget slipping further into deficit over the next four years, the Mid-Year Economic Fiscal Outlook (MYEFO) 2024-25 has revealed the Albanese Government is looking to save on spending with aged care is in its sights. Presenting the...

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Lauren Broomham

18 Dec 2024

Home Care

Govt bows to pressure on delaying full implementation of Support at Home pricing

In what appears to be another concession to its reform agenda, the Federal Government has revealed overnight that it will stage the introduction of price caps on services in the new Support at Home program over a 12-month period.

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Lauren Broomham

13 Dec 2024

Aged Care

2024 Year in Review: Aged Care

In this edition of our 2024 Year in Review, we look back at the most significant aged care stories of the year.

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Caroline Egan

18 Dec 2024

Aged Care

Australia’s residential aged care sector facing “crisis in care availability”: UARC

The latest report from the UTS Ageing Research Collaborative (UARC) has reinforced the challenges facing the sector and Government in meeting the growing demand for new beds and tightening staffing requirements. The 134-page ‘Australia’s Aged...

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Lauren Broomham

12 Dec 2024

Home Care

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Mergers & Acquisitions

Regis acquires BodeWell Community Care to double its home care business revenue to $30M a year

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Ian Horswill

08 Jan 2025

Opinion

2024 aged care report card: pass for residential care, home care a failure

The final report card for the aged care sector looks very different depending on what services you deliver.

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Lauren Broomham

18 Dec 2024

Government Policy

Fed Govt to release 7,615 new Home Care Packages as 76,000 wait for care

The Government will spend just $101.7 million on the new Packages ahead of the transition to the new Support at Home program from 1 July 2025.

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Lauren Broomham

18 Dec 2024

Saturday

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DIGITAL EDITION

Saturday

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

Lauren Broomham

27 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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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

View all

Government Policy

New modular homes for seniors in West Australian town

Click here

Ian Horswill

Development

Aspen Group’s $70M affordable Build to Rent development lodged in Adelaide

Click here

Ian Horswill

Community Living

Stockland launches its first over 50s community in Ipswich, QLD

Halcyon Providence is the developer’s latest over 50s community within one of its masterplanned communities.

Click here

Ian Horswill

Development

Is Adrian Puljich the ageing sector’s most active operator?

Click here

Ian Horswill

Government

View all

Government Policy

New modular homes for seniors in West Australian town

Click here

Ian Horswill

Government Policy

South Australia considering allowing six-storey retirement villages

Click here

Ian Horswill

Government Policy

Great news for retirement village operators planning developments in NSW

Click here

Ian Horswill

Government Policy

Fed Govt to release 7,615 new Home Care Packages as 76,000 wait for care

The Government will spend just $101.7 million on the new Packages ahead of the transition to the new Support at Home program from 1 July 2025.

Click here

Lauren Broomham

Government Policy

Breaking news: Fed Govt slashes $2.5B off aged care with new payments in arrears for residential aged care from 1 July 2026

Click here

Lauren Broomham

Home Care

Govt bows to pressure on delaying full implementation of Support at Home pricing

Click here

Lauren Broomham

Aged Care

Australia’s residential aged care sector facing “crisis in care availability”: UARC

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Lauren Broomham

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

Aged Care

2024 Year in Review: Aged Care

In this edition of our 2024 Year in Review, we look back at the most significant aged care stories of the year.

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Caroline Egan

Housing News

View all

Government Policy

New modular homes for seniors in West Australian town

Click here

Ian Horswill

Development

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

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

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Ian Horswill

Housing News

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

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

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Ian Horswill

Housing News

Apollo Care and The Shelter Collective provide 10 homes for women aged over 55 in Rockhampton

The aged care provider is partnering with the Central Queensland-based community-driven group of organisations to provide 10 affordable homes in Rockhampton. The Shelter Collective identifies underutilised or unused property to repurpose as housing...

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Ian Horswill

Community Living

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

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

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Ian Horswill

Housing News

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

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

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Ian Horswill

Housing News

WA Government approves development of social and affordable BTR

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

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Ian Horswill

Housing News

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

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

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Ian Horswill

Development

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

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

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Ian Horswill

Housing News

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

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

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Ian Horswill

Community Living

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

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

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Ian Horswill

Housing News

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

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

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Ian Horswill

Opinion

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Opinion

2024 aged care report card: pass for residential care, home care a failure

The final report card for the aged care sector looks very different depending on what services you deliver.

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Lauren Broomham

Opinion

Will 2025 be the year the village sector realises it is no longer independent living?

Victoria has just released its new retirement village regulations, including for the first time acknowledgement of home care as a village service – operators beware.

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Chris Baynes

Government Policy

RLC facts win the day in ABC 7.30 driven Council of Australian Governments’ (COAG) review of retirement villages

Last Wednesday (10 December), the meeting of COAG was swayed that the States should stay responsible for retirement villages and new Federal regulations were not required.

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Chris Baynes

Opinion

Is scale necessary for success in residential aged care? The latest data says yes

The new ‘Australia’s Aged Care Sector: Full-Year Report 2023-24’ has confirmed what many in the sector already knew: big operators are getting bigger – and more efficient. The new 134-page report from the UTS Ageing Research Collaborative...

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Lauren Broomham

Opinion

Older, cashed up and ambitious

It looks like the leaders of the retirement village sector of the Noughties are reforming the band, with the formal return of Peter Inge (pictured in 2006) back in the village sector as a serious portfolio builder. Pre the GFC only the private...

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Chris Baynes

Funding

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Funding

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

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

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Caroline Egan

Government Policy

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

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

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Caroline Egan

Government Policy

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

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

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Caroline Egan

Government Policy

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

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

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Caroline Egan

Government Policy

DoHAC responds to claims of shortfall in Hotelling Supplement

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

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Caroline Egan

Aged Care

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

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

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Caroline Egan

Opinion

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

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

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Lauren Broomham

Aged Care

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

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

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Caroline Egan

Funding

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

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

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Caroline Egan

Government Policy

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

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

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Caroline Egan

Government Policy

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

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

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Caroline Egan

Government Policy

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

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

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Caroline Egan

News & Headlines

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News & Headlines

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

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

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Lauren Broomham

Out of the Ordinary

2024 DCM Institute VILLAGE SUMMIT tops 630 attendees across five cities

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

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Chris Baynes

Out of the Ordinary

Issue 89 of SATURDAY magazine: Pioneers never stop innovating

Learn more HERE

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Ian Horswill

Chris Baynes

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

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

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Chris Baynes

In the Headlines

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

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

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Ian Horswill

Out of the Ordinary

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

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

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Ian Horswill

News & Issues

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

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

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Ian Horswill

Health

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Government Policy

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

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Ian Horswill

Health

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

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

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Ian Horswill

Ageing

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

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

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Ian Horswill

Technology

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Technology

The new weekly visitor to an inner-city Melbourne aged care home

Abi, the humanoid companion robot developed by robotics start up Andromeda and uses GPT4 artificial intelligence to recognise faces and build relationships, will visit Benetas’ Gladswood Lodge aged care home in Brunswick West for two or three hours a week.

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Caroline Egan

Technology

In our Innovators edition of SATURDAY: mecwacare invests $20M in digital transformation and AI

The use of real-time data monitoring and predictive data analytics is still relatively limited in aged care today. But operator mecwacare is looking to get ahead of the pack, having tapped global professional services firm Cognizant to help it integrate its IT systems and improve user experience.

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Caroline Egan

Technology

Person Centred Software announces partnership with KPMG’s home care software platform

Technology provider Person Centred Software Australia, which offers software for residential aged care and retirement living operators, has announced a new strategic relationship with KPMG Australia’s Community Care platform, which extends its digital offerings to home care.

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Caroline Egan

Government Policy

Aged Care Transition Taskforce members revealed

The Department of Health and Aged Care has revealed the members of the Federal Government’s new Aged Care Transition Taskforce, which met for the first time last Thursday (28 November 2024).

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Caroline Egan

Mergers & Acquisitions

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Mergers & Acquisitions

Estia Health buys seven homes from David Di Pilla’s Aurrum Aged Care

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Ian Horswill

Mergers & Acquisitions

Why Ingenia Communities is winding up its five managed funds

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Ian Horswill

Mergers & Acquisitions

Regis acquires BodeWell Community Care to double its home care business revenue to $30M a year

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Ian Horswill

Mergers & Acquisitions

St Andrews Village Ballina adds second Byron Bay aged care home

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Lauren Broomham

Mergers & Acquisitions

Eureka Group to sell $25M-$30M of its over 55s rental communities

The first sale by the nation’s only pure-play provider of rental communities will be its village in Mount Gambier, the second most populated city in South Australia, 450km from the state capital Adelaide, for $5 million, slightly below the 30 June...

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Ian Horswill

Mergers & Acquisitions

Levande secures $1.5B sustainability linked loan for “future developments”

The leading retirement operator, which is owned by EQT Infrastructure, says it has successfully extended and upsized its loan facilities, securing an AUS$1.5 billion Sustainability-Linked Loan (SLL). It states the financing aligns with Levande’s...

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Ian Horswill

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

Mergers & Acquisitions

Sale price for Kiama Council’s Blue Haven Bonaira aged care home slashed by $6M

Perth-based aged care provider Hall & Prior will pay $89 million for the Council-built 134-bed aged care home in Kiama, south of Sydney, down from the $95 million original price tag, after additional building defects were identified.

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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