The Weekly SOURCE

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

20 Mar 2025

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

20 Mar 2025

Opinion

LEADERS SUMMIT 2025: Sector must take the lead on ageing strategy, warns Chris Baynes

The Government is not equipped to deliver a clear-cut plan to address the doubling of demand over the fixed supply of home care and residential aged care – and the sector will need to fill this leadership gap, the DCM Group CEO has advised over 570 executives at the 2025 LEADERS SUMMIT.

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Lauren Broomham

20 Mar 2025

Legal Issues

MinterEllison: a suite of tools to help providers transition to the new Aged Care Act

With the commencement of the new Aged Care Act 2024 on 1 July 2025, providers will need to make preparations to meet their obligations under the new legislative framework.

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Caroline Egan

20 Mar 2025

Aged Care

Ageing Australia lobbies for aged care to be part of next Tuesday’s Federal Budget

With the Federal Budget being delivered on 25 March, Ageing Australia’s Head of Government Relations Jay Moran is in Canberra calling on politicians to make aged care a priority.

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Caroline Egan

20 Mar 2025

Opinion

Seven years since a workforce strategy: Juniper CEO Russell Bricknell’s ‘political wishlist’

Australia needs to find up to 50,000 aged care workers every year to meet demand, says the CEO of the Not For Profit WA aged care provider. “We need a sector-wide, medium-term workforce strategy that addresses supply and demand issues and considers...

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Caroline Egan

20 Mar 2025

Sector Moves & People

Picture Special: LEADERS SUMMIT 2025

With 47 aged care, home care, retirement living and land lease leaders on stage, LEADERS SUMMIT 2025 in the Hyatt Regency, Sydney, had its sold out audience captivated from the beginning to the end of the two-day event.

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Group Editor

05 May 2023

Home Care

“Older Australians will have to contribute more to aged care”: former AMA President

Aged care services under the new rights based Aged Care Act will be “heavily rationed”, Dr Michael Gannon, President of the AMA between 2016 and 2018 and board member of West Australian aged care and retirement living provider Amana Living, has warned in an op-ed in The Australian this week.

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Caroline Egan

20 Mar 2025

Sector Moves & People

Rohan Mead to retire as Australian Unity Group MD & CEO after 21 years

The long-serving MD and CEO of Australian Unity Rohan Mead will step down at the end of the year, having grown revenue from $400 million to $2.3 billion during his tenure.

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Caroline Egan

20 Mar 2025

Technology

The power of generative AI in aged care training: Conversations at the Wharf

At our latest DCM Group Conversations at the Wharf event, in attendance were Melissa Duffey, Executive Manager People, Feros Care; Nick Hansen, COO, Ozcare; Cara Benoit, Executive Leader People and Culture, Lutheran Services; and Will Egan, CEO, Ausmed.

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Caroline Egan

20 Mar 2025

Government Policy

WA announces expanded health and aged care roles in new Cabinet

The freshly re-elected Western Australian Government has revealed a new-look Cabinet, including a reconfiguring of the health portfolio under four Ministers.

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Caroline Egan

20 Mar 2025

Community Living

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Sector Moves & People

Picture Special: LEADERS SUMMIT 2025

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Ian Horswill

Opinion

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

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Lauren Broomham

Opinion

LEADERS SUMMIT 2025: Sector must take the lead on ageing strategy, warns Chris Baynes

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Lauren Broomham

Opinion

Village operators relying on external Home Care take note: 105 days to new regs

Home Care is about to change significantly. You should know one reason but you are unlikely to know the second. Home Care changes to a new system titled Support at Home (S@H) on 1 July, just 105 days from now, or 71 working days. A lot of the...

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Chris Baynes

Community Living

Residents want costs of retirement village operator’s Asset Management Plan being passed on to them stopped

Craig Bennett, President of the Retirement Village Residents Association, wants residents to have a greater say in the Asset Management Plan, disliked by both residents and village managers. In a submission to NSW Fair Trading on the proposed...

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Ian Horswill

Government Policy

Reduce liquidity ratios for aged care providers: Ageing Australia’s submission to Aged Care Quality and Safety Commission

The proposed new liquidity ratios, released as part of new Financial and Prudential Standards, should be reduced to 25% for quarterly cash expenses and 5% for quarterly RAD liabilities, and should be removed altogether on refundable amounts for ILUs and retirement villages, Ageing Australia has recommended in a submission.

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Caroline Egan

Government Policy

Ageing Australia makes submission on WA Retirement Villages Act review

Mark Prosser, the peak body’s Director Retirement Living & Seniors Housing, has made a submission to the final of four consultation papers to implement recommendations from the Statutory Review of Retirement Villages Legislation Final Report...

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Ian Horswill

Aged Care

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Sector Moves & People

Picture Special: LEADERS SUMMIT 2025

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Ian Horswill

20 Mar 2025

Opinion

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

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Lauren Broomham

20 Mar 2025

Mergers & Acquisitions

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

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Caroline Egan

20 Mar 2025

Opinion

Seven years since a workforce strategy: Juniper CEO Russell Bricknell’s ‘political wishlist’

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Caroline Egan

20 Mar 2025

Opinion

LEADERS SUMMIT 2025: Sector must take the lead on ageing strategy, warns Chris Baynes

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Lauren Broomham

20 Mar 2025

Legal Issues

MinterEllison: a suite of tools to help providers transition to the new Aged Care Act

With the commencement of the new Aged Care Act 2024 on 1 July 2025, providers will need to make preparations to meet their obligations under the new legislative framework.

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Caroline Egan

20 Mar 2025

Aged Care

Ageing Australia lobbies for aged care to be part of next Tuesday’s Federal Budget

With the Federal Budget being delivered on 25 March, Ageing Australia’s Head of Government Relations Jay Moran is in Canberra calling on politicians to make aged care a priority.

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Caroline Egan

20 Mar 2025

Home Care

“Older Australians will have to contribute more to aged care”: former AMA President

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Caroline Egan

20 Mar 2025

Technology

The power of generative AI in aged care training: Conversations at the Wharf

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Caroline Egan

20 Mar 2025

Home Care

View all

Opinion

Seven years since a workforce strategy: Juniper CEO Russell Bricknell’s ‘political wishlist’

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Caroline Egan

20 Mar 2025

Opinion

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

Click here

Lauren Broomham

20 Mar 2025

Aged Care

Ageing Australia lobbies for aged care to be part of next Tuesday’s Federal Budget

With the Federal Budget being delivered on 25 March, Ageing Australia’s Head of Government Relations Jay Moran is in Canberra calling on politicians to make aged care a priority.

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Caroline Egan

20 Mar 2025

Saturday

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DIGITAL EDITION

Saturday

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

Issue 83 | Aged care: no mission without Taskforce certainty

Lauren Broomham

30 Aug 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

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Development

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Development

Regis Aged Care marks official opening of 111-bed Camberwell home in Melbourne

Australia’s only ASX-listed aged care provider officially opened its $70 million aged care home located 10km east of Melbourne’s city centre. The opening ceremony was attended by Assistant Minister for Social Security, Ageing and Women, Kate...

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Caroline Egan

Community Living

Gannon Lifestyle Communities’ Angle Vale Gardens Retirement Estate complete after first resident moved in 2010

Home to 240 residents, the retirement estate features 130 Independent Living Units and 32 Assisted Living Apartments and community facilities. Designed to cater to the evolving needs of Adelaide’s north, the Angle Vale development was influenced...

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Ian Horswill

Development

Uniting’s biggest ever project $448M Waverley Estate refines plans for public exhibition

The Not For Profit states the redevelopment will not only honour the Estate’s rich Victorian heritage but also introduce modern, accessible spaces designed to meet the evolving needs of the Waverley community in Sydney’s eastern suburbs. Uniting...

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Ian Horswill

Development

Aveo invests $200M+ in village upgrades while its resident NPS hits high of 57

With Aveo owner Brookfield hoping to sell the retirement village operator for $3+ billion later this year, the leading provider of retirement villages has been upgrading its portfolio infrastructure, improving sustainability measures, and...

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Ian Horswill

Government

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Opinion

Seven years since a workforce strategy: Juniper CEO Russell Bricknell’s ‘political wishlist’

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Caroline Egan

Opinion

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

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Lauren Broomham

Government Policy

WA announces expanded health and aged care roles in new Cabinet

The freshly re-elected Western Australian Government has revealed a new-look Cabinet, including a reconfiguring of the health portfolio under four Ministers.

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Caroline Egan

Aged Care

Ageing Australia lobbies for aged care to be part of next Tuesday’s Federal Budget

With the Federal Budget being delivered on 25 March, Ageing Australia’s Head of Government Relations Jay Moran is in Canberra calling on politicians to make aged care a priority.

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Caroline Egan

Home Care

“Older Australians will have to contribute more to aged care”: former AMA President

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Caroline Egan

Aged Care

Just 25 aged care beds added in NSW’s Illawarra region over 10 years, states draft report

A draft report seen by The Weekly SOURCE prepared by Community Industry Group, the peak body that supports Not For Profit community organisations in the NSW Illawarra Shoalhaven region, has revealed the dire state of residential aged care in the region.

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Caroline Egan

Legal Issues

MinterEllison: a suite of tools to help providers transition to the new Aged Care Act

With the commencement of the new Aged Care Act 2024 on 1 July 2025, providers will need to make preparations to meet their obligations under the new legislative framework.

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Caroline Egan

Government Policy

When will Aged Care Act rules be available? Aged Care Transition Taskforce asks Dept of Health

The Aged Care Transition Taskforce has asked the Department of Health and Aged Care to reveal when any outstanding rules relating to the new Aged Care Act will be available for consultation at its meeting on 5 March 2025.

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Caroline Egan

Government Policy

Reduce liquidity ratios for aged care providers: Ageing Australia’s submission to Aged Care Quality and Safety Commission

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Caroline Egan

Housing News

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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

Housing News

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

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

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Ian Horswill

Housing News

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

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

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Ian Horswill

Development

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

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

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Ian Horswill

Opinion

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Opinion

Seven years since a workforce strategy: Juniper CEO Russell Bricknell’s ‘political wishlist’

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Caroline Egan

Opinion

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

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Lauren Broomham

Opinion

LEADERS SUMMIT 2025: Sector must take the lead on ageing strategy, warns Chris Baynes

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Lauren Broomham

Opinion

Village operators relying on external Home Care take note: 105 days to new regs

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Chris Baynes

Opinion

$93M tied up: proposed liquidity ratios a “handbrake” on aged care and village development

David Moran, CEO Southern Cross Care (SA, NT & Vic), says the proposed standards could add years to new developments.

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Lauren Broomham

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

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

News & Headlines

Stewart Johnston whose advocacy helped spark the Aged Care Royal Commission jailed

Stewart Johnston was sentenced in the Elizabeth Magistrates Court in Elizabeth, 24km north of Adelaide city centre, last Thursday (27 February), after pleading guilty to a charge of possessing child exploitation material.

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Caroline Egan

Out of the Ordinary

Breaking news: RLC not happy – and secures emergency meeting with federal aged care regulator tomorrow to discuss proposed retirement village liquidity requirements

In a first for the retirement village sector, Retirement Living Council (RLC) representatives will meet with the Federal Aged Care Quality and Safety Commission (ACQSC) tomorrow (Thursday 6 March) to urgently counsel them on the impact of proposed federal liquidity requirements on village operators that will potentially stunt the village business model.

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Lauren Broomham

News & Headlines

1,000-plus retirement villages and aged care facilities preparing for the worst when Cyclone Alfred hits

More than 1,000 retirement villages, land lease communities and residential aged care homes in southeast Queensland and northern NSW are working flat out to ensure they are fully ready for the landfall of Tropical Cyclone Alfred.

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Ian Horswill

Health

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Opinion

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

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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

The power of generative AI in aged care training: Conversations at the Wharf

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Caroline Egan

Technology

Uniting to pilot Talius’ AI-powered sensor-enabled home care technology

Using Talius’ platform, the Not For Profit should have greater capacity to monitor the health and safety in real time of its nearly 9,000 home care clients, thereby giving them improved quality of life while they remain living in their own homes.

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Caroline Egan

Finances

Satori FP&A’s application, Envisage, integrates with organisation’s existing systems to enhance Budgeting, Forecasting, Reporting, Modelling and Long-Term Strategic Planning

Satori FP&A’s application, Envisage, integrates with organisation’s existing systems to enhance Budgeting, Forecasting, Reporting, Modelling and Long-Term Strategic Planning. Contact Avron Newstadt ► Director ► anewstadt@satorifpa. com. au ►...

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Group Editor

Entertainment and Communication

Foxtel Business

Foxtel provides the aged care industry with the world’s best television content, live sport and entertainment technology. It helps to create a more comfortable environment, reduce feelings of isolation and anxiety, and helps residents feel more at...

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Group Editor

Mergers & Acquisitions

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Mergers & Acquisitions

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

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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

Mergers & Acquisitions

The four reasons for the BaptistCare merger: CEO Charles Moore

The Weekly SOURCE reported BaptistCare (NSW, ACT, WA), Baptcare (VIC, SA, TAS), and Baptist Care SA would merge last November, just shy of 18 months after BaptistCare NSW/ACT and Baptistcare WA announced their consolidation. Charles Moore, who has...

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Caroline Egan

Mergers & Acquisitions

Central Coast Legacy puts Legacy Retirement Village, Gosford for sale

The retirement village has been on the 11,000sqm site since the 1960s providing a rental home for widows and families of war veterans. Despite additions made in the 1970s, the site is no longer fit for purpose. An initial plan to redevelop the units...

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Ian Horswill

Mergers & Acquisitions

Singapore’s GIC latest to eye $3bn plus retirement village operator Aveo

The biggest sovereign fund investor in Australia and the biggest offshore source of capital in commercial property, which overseas $1.4 trillion ($US847 billion) in assets, is reportedly keen on the leading village operator. GIC’s Managing...

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Ian Horswill

Mergers & Acquisitions

As promised, Eureka buys second all-age rental community with ingoing yield of 8.6%

After spending $4.5 million on Kin Kora residential home and caravan park village in the town of Gladstone, 517km north-northwest of Brisbane’s CBD last month, the nation’s only pure-play rental village operator has purchased its second all-age...

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Ian Horswill

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