The Weekly SOURCE

Aveo should set the sales and valuation benchmark for all For Profit and NFP village operators: $385K per ILU contract

So Aveo built this demand through rebranding, relaunching and very active promotion on vehicles like our villages. com. au

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Chris Baynes

01 Jul 2025

Sector Moves & People

Simon Owen appointed Managing Director of Eureka Group Holdings

Simon Owen, currently CEO of ASX-listed Eureka Group Holdings, will take on the additional role of Managing Director from 1 July 2025.

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Ian Horswill

24 Jun 2025

Topic - Developments

Tulich family’s first stand-alone retirement village approved in Oran Park, Sydney’s southwest

Now under the leadership of Managing Director Bianca Tulich, the daughter of founder Maurice Tulich, the group is focused on expanding its presence in the premium retirement living space

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Ian Horswill

25 Jun 2025

Sector Moves & People

From a caravan park to a $1.58B debut: Adrian Puljich takes GemLife public

At just 28, Adrian founded GemLife and convinced Singapore-listed investment giant Thakral Corporation to come onboard, securing a 49.9% stake. Last year, he reduced Thakral’s stake to 31.7%

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Ian Horswill

30 Jun 2025

Retirement and Community Living

SATURDAY exclusive: “I hate begging”: Life on the home care waitlist

Laurie Sucic is 91, a retirement village resident, and the full-time carer for her 92-year-old husband. Both have been assessed as needing high-level home care – but like tens of thousands of older Australians, they have been told they will have...

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Finding innovation in unexpected places: rethinking the role of suppliers in Aged Care technology

When people think about innovation in aged care, they tend to picture large-scale tech overhauls - smart sensors, predictive analytics, integrated platforms. But innovation often shows up more quietly, embedded in the everyday tools and services...

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Group Editor

30 Jun 2025

Mergers & Acquisitions

“Aveo is a fantastic business, run by a fantastic management team”: Scape CEO Stephen Gaitanos backs landmark $3.85B acquisition

Scape Australia CEO Stephen Gaitanos has praised the leadership of retirement living operator Aveo, following its acquisition by The Living Company – Scape’s parent – for $3.85 billion, in what is now the largest direct real estate transaction...

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Group Editor

05 May 2023

Government Policy

Win for seniors housing as NSW clarifies planning rules

The low (one to two storeys)/ and mid-rise housing (three to six storeys) areas are residential zones within 800 metres walking distance from nominated town centres and nominated train/light rail stations

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Ian Horswill

30 Jun 2025

Sector Moves & People

Law firm MinterEllison grows its national Retirement Living team

“MinterEllison is innovative and future-focused, which means we are committed to ensuring clients are provided with access to genuine industry experts who are at the forefront of sector developments. James’ promotion is recognition of the expertise...

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Ian Horswill

30 Jun 2025

Sector Moves & People

Stephen Muggleton’s parting words as Bolton Clarke CEO: turning it into the largest Not For Profit care provider with $1.98B revenue

Stephen officially stepped down as CEO on 30 June after transforming Bolton Clarke over his 10 years and six months in charge of the Brisbane-basedd operator. Last Friday Stephen posted on his LinkedIn page: Final sign-off and reflection. “The...

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Ian Horswill

01 Jul 2025

Sector Moves & People

Former NSW Govt Minister Rob Stokes starts role as Anglicare Sydney’s Group Executive - Housing

In the newly-created role, the retired long-serving NSW politician will lead the growth and strategic direction of Anglicare’s Housing business unit, strengthening the organisation’s focus on providing more safe and affordable homes for those...

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Ian Horswill

30 Jun 2025

Community Living

View all

Sector Moves & People

Simon Owen appointed Managing Director of Eureka Group Holdings

Simon Owen, currently CEO of ASX-listed Eureka Group Holdings, will take on the additional role of Managing Director from 1 July 2025.

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Ian Horswill

Mergers & Acquisitions

“Aveo is a fantastic business, run by a fantastic management team”: Scape CEO Stephen Gaitanos backs landmark $3.85B acquisition

Click here

Ian Horswill

Opinion

Aveo should set the sales and valuation benchmark for all For Profit and NFP village operators: $385K per ILU contract

So Aveo built this demand through rebranding, relaunching and very active promotion on vehicles like our villages. com. au

Click here

Chris Baynes

Topic - Developments

Tulich family’s first stand-alone retirement village approved in Oran Park, Sydney’s southwest

Now under the leadership of Managing Director Bianca Tulich, the daughter of founder Maurice Tulich, the group is focused on expanding its presence in the premium retirement living space

Click here

Ian Horswill

Sector Moves & People

From a caravan park to a $1.58B debut: Adrian Puljich takes GemLife public

At just 28, Adrian founded GemLife and convinced Singapore-listed investment giant Thakral Corporation to come onboard, securing a 49.9% stake. Last year, he reduced Thakral’s stake to 31.7%

Click here

Ian Horswill

Redevelopments

RSL LifeCare reveals reimagined vision for 86-year-old flagship village on Sydney’s Northern Beaches

Since its establishment in 1939, the ANZAC Village in Narrabeen – 23 kilometres northeast of Sydney’s CBD – has evolved through 30 individual developments, growing into a community that offers retirement living, residential aged care, home...

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Ian Horswill

Sector Expert Partners

AVID strikes embedded electrical network deal with Prospecta for its Vantage land lease communities

In a landmark move for the retirement living sector, the residential developer has partnered with the Puljich family’s Prospecta Utilities to deliver embedded electrical networks across its expanding portfolio of land lease communities. Prospect...

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Ian Horswill

Aged Care

View all

Sector Moves & People

Stephen Muggleton’s parting words as Bolton Clarke CEO: turning it into the largest Not For Profit care provider with $1.98B revenue

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Ian Horswill

01 Jul 2025

Aged Care

It’s 1 November or bust: Ageing Australia calls for clear roadmap, rule fixes during Act delay

The sector has four months to get ready for the new Aged Care Act – and Ageing Australia CEO Tom Symondson says providers need clarity now. Speaking at the NSW/ACT State Conference on Thursday (26 June), Tom said the sector is at risk of wasting...

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Lauren Broomham

27 Jun 2025

Opinion

Going nowhere fast: aged care is shrinking yet the sector’s money keeps growing

KPMG’s latest deep dive into the aged care sector is out today – and it confirms what many of us already know. Demand is rising. So is the money. But the sector? It’s still shrinking. Take home care. Government funding soared 29.2% to $8.8...

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Lauren Broomham

26 Jun 2025

Development

Knowles Group’s Arcare to launch its largest aged care home in Brisbane after redevelopment

The private aged care operator is now accepting applications for its redeveloped Arcare Springwood facility, 20km southeast of the Brisbane CBD. The expanded home is set to open in November. The redevelopment adds 65 new beds to Arcare Springwood...

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Caroline Egan

25 Jun 2025

Government Policy

Juniper CEO Russell Bricknell warns WA Budget fails to meet aged care crisis head-on

The head of one of Western Australia’s biggest Not for Profit aged care providers welcomed the WA Budget but in the booming state economy, said the level of investment in aged care feels “incremental, not transformational”. “The reality on the...

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One CEO leaves their role every month: what this means for aged care recruitment

Aged care is bracing for another leadership shock. As the sector contends with chronic workforce shortages, increasing regulatory demands, and the emotional toll of constant reform, a quieter crisis is unfolding at the top: executive churn. While...

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Lauren Broomham

20 Jun 2025

Aged Care

Australia’s top 25 residential aged care providers ranked: KPMG

KPMG’s eighth annual review of the Australian aged care market features the ranking of the top 25 residential aged care providers, with Opal HealthCare retaining its number one spot.

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Caroline Egan

26 Jun 2025

Aged Care

How to make residential aged care viable: UARC

UARC’s 134-page Aged Care Sector Mid-Year Report 2024-25 states that in the six months to 31 December 2024, 48% of homes operated at a loss, an improvement from the 64% operating at a loss for the same period the previous year.

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Caroline Egan

26 Jun 2025

Aged Care

Aged care COVID-19 cases hit 12-month high as 34 die in one week

As winter conditions settle in, the number of aged care staff and residents who contracted COVID-19 in the last week increased 14% to more than 2,000, with outbreaks in 268 homes.

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Caroline Egan

26 Jun 2025

Home Care

View all

Retirement and Community Living

SATURDAY exclusive: “I hate begging”: Life on the home care waitlist

Click here

Lauren Broomham

30 Jun 2025

Opinion

Going nowhere fast: aged care is shrinking yet the sector’s money keeps growing

Click here

Lauren Broomham

26 Jun 2025

Government Policy

Juniper CEO Russell Bricknell warns WA Budget fails to meet aged care crisis head-on

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Caroline Egan

25 Jun 2025

Saturday

View all

DIGITAL EDITION

Saturday

Issue 101 | Plan T: Transform or collapse

Issue 100 | Plan T: Transforming the ageing journey

Issue 99 | The fight to save regional aged care

Issue 98 | The $150 billion shift: why assisted living is back

Issue 97 | Fixing aged care: providers leading the way

Issue 96 | Is aged care ‘fixed’?

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

Lauren Broomham

06 Dec 2024

Conversation at the Wharf

View all

Partnering With Westpac

Westpac Leading Conversations at the Wharf: industry leaders share vision for the future of care in retirement living

Three leading operators in the over 50s retirement living market have spoken about where the sector is heading at the latest Westpac Leading Conversations at the Wharf held in Fortitude Valley, Brisbane. The event featured: Glen Brown, Co-Founder...

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Ian Horswill

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

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

09 Jul

Lunch & Learn New South Wales

09th July

Wednesday, 12:30pm - 1:15pm

22 Jul

Professional Development Days July – August 2025

22nd - 06th July

12 Nov

Village Summit 2025 | Wellbeing, done well

12th November

Wednesday, 8:00am - 3:30pm

17 Mar

Leaders Summit 2026

17th - 18th March

Development

View all

Topic - Developments

Tulich family’s first stand-alone retirement village approved in Oran Park, Sydney’s southwest

Now under the leadership of Managing Director Bianca Tulich, the daughter of founder Maurice Tulich, the group is focused on expanding its presence in the premium retirement living space

Click here

Ian Horswill

Development

Construction starts on $428M GemLife Elimbah - its third land lease community in QLD’s Moreton Bay

Construction has started just two months after the land lease communities developer secured development approval for the 404-home gated estate. GemLife Elimbah has been fast-tracked ahead of its official market launch in the coming weeks, to meet...

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Ian Horswill

Development

Grand opening of Living Choice Flagstaff Hill retirement village set for tomorrow

South Australia’s first integrated golf course and retirement community will officially open tomorrow (Saturday 28 June), with the launch of The Summit and The Fairway apartment buildings, and the unveiling of the newly rebuilt Flagstaff Hill Golf...

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Ian Horswill

Redevelopments

RSL LifeCare reveals reimagined vision for 86-year-old flagship village on Sydney’s Northern Beaches

Click here

Ian Horswill

Government

View all

Government Policy

Win for seniors housing as NSW clarifies planning rules

Click here

Ian Horswill

Opinion

Going nowhere fast: aged care is shrinking yet the sector’s money keeps growing

Click here

Lauren Broomham

Government Policy

Juniper CEO Russell Bricknell warns WA Budget fails to meet aged care crisis head-on

Click here

Caroline Egan

Home Care

Final Support at Home manual now scheduled for September: “not long enough” says Tom Symondson

The Department of Health, Disability and Ageing has confirmed the final version of the Support at Home manual won’t be released until September 2025, but Tom Symondson, CEO Ageing Australia, said the report should be released by 1 August.

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Caroline Egan

Home Care

AlayaCare’s software one of the first to receive approval for Support at Home systems

Home care software platform AlayaCare has become one of the first providers to receive certification from Services Australia that is can integrate into the new Support at Home systems.

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Caroline Egan

Aged Care

Aged care COVID-19 cases hit 12-month high as 34 die in one week

As winter conditions settle in, the number of aged care staff and residents who contracted COVID-19 in the last week increased 14% to more than 2,000, with outbreaks in 268 homes.

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Caroline Egan

Home Care

Thousands at risk from delay to Home Care Packages, cautions Prue Bowden

The leader of Australia’s largest home care provider has warned the Federal Government’s decision to delay the release of tens of thousands of Home Care Packages could cause serious harm to older Australians. In an op-ed published in The...

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Caroline Egan

Government Policy

Aged Care Quality and Safety Commission extends contract with actuary for “additional analysis” of aged care liquidity ratios

You can view details of the contract here

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Caroline Egan

Opinion

Reaping what we sow: No aged care beds. Now what? Time for Plan T

Australia’s aged care sector is in crisis – and no one should be surprised. After years of underbuilding, we’re now paying the price. Our analysis of GEN Aged Care Data shows that between 2020-21 and 2023-24, South Australia added just 253...

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Lauren Broomham

Housing News

View all

Sector Moves & People

Former NSW Govt Minister Rob Stokes starts role as Anglicare Sydney’s Group Executive - Housing

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Ian Horswill

Funding

Aspen Group aimed to raise $4M – but could have taken $18M

The ASX-listed affordable accommodation provider, which has 10 active projects, announced a Security Purchase Plan (SPP) on Wednesday, 28 May, offering existing investors the opportunity to acquire up to $30,000 in Aspen Group securities without...

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Ian Horswill

Housing News

First modular homes for more than 65,000 on NSW social housing waitlist

The NSW Government, which has a gowing wait list of people needing social housing, 11,161 priority approved and 54,597 general approved. has announced the first factory built modular social homes are nearing completion. Three modular homes are being...

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Ian Horswill

Housing News

Anglican Care’s closed aged care home converted into housing for women over 55

The agency of the Anglican Diocese of Newcastle announced it was shutting an aged care home in Mt Hutton, a suburb of Lake Macquarie, 14km west-southwest of Newcastle, in March 2022. On Saturday, NSW Government announcedit has been converted in 20 units for homeless women..

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Ian Horswill

Out of the Ordinary

Will this catch on? Residential homes only for over-45s

In a first, 24 homes are being built for people aged 45 and over. “It’s a new concept. People haven’t really done a downsizer community development like this before. People put age restrictions on properties, but not for the reasons we have...

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Ian Horswill

Housing News

Over 100 social housing homes for seniors being built in Sydney

The homes are being delivered across inner east and west Sydney through a joint investment by the Albanese and Minns Governments, supported by the $2 billion Social Housing Accelerator Fund (SHAF). So far, 61 homes have been completed across...

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Lauren Broomham

Funding

Aspen touts 20% return on invested capital at property investor event

The ASX-listed affordable housing provider has revealed strong performance metrics, highlighting a 20% return on invested capital across its portfolio of more than 1,500 sites in 10 communities. Speaking at Barrenjoey’s Emerging Property Companies...

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Lauren Broomham

Development

Eureka secures $180M in refinancing deal, acquires new site in QLD

Eureka Group Holdings CEO Simon Owen is delivering on his ambition to make the company Australia’s market leader in both over-50s and all-age rental communities, after successfully refinancing and expanding its debt facilities.

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Lauren Broomham

Housing News

15 new social homes planned for senior co-housing community in WA’s South West

“Whilst the project does not offer assisted living or nursing facilities, and each member is responsible for themselves, it is common in cohousing communities that if someone is sick, neighbours will help with activities like bringing them meals...

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Lauren Broomham

Funding

Mareeba Community Housing Co granted extension to management of Community Housing for Seniors

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

Housing

Barossa Village revitalises underutilised land for the Buna/Kokoda housing project in Nuriootpa

Each of the five homes, which replaced two houses on the 2,400msq site in the town of Nuriootpa, the commercial centre of South Australia’s Barossa Valley, has been individually designed. “These are not one-size-fits-all units — they are...

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Ian Horswill

Mergers & Acquisitions

‘Affordable’ Aspen Group adds to portfolio with second WA land buy in six weeks

The ASX-listed affordable housing group announced last Wednesday it has entered a conditional contract to buy a new 18ha accommodation complex in Australind, a town 12km northeast of Bunbury’s CBD. Aspen Group, which serves the 40% of Australian...

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Ian Horswill

Opinion

View all

Opinion

Aveo should set the sales and valuation benchmark for all For Profit and NFP village operators: $385K per ILU contract

So Aveo built this demand through rebranding, relaunching and very active promotion on vehicles like our villages. com. au

Click here

Chris Baynes

Chris Baynes

Aveo transformation masterclass: turning $1.27B into $3.85B in 55 months

Today’s confirmation of the sale of Aveo is dated 26 June 2025. Brookfield took the keys to Aveo in November 2019, or four years and seven months ago. On first blush they made $2.58 billion profit in those 55 months, or did they make a lot more?...

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Chris Baynes

Opinion

Going nowhere fast: aged care is shrinking yet the sector’s money keeps growing

Click here

Lauren Broomham

Opinion

Two retirement living surveys deliver 3,330 new village homes a year: $2.5B in new sales

Optimism has been the theme of the LEADERS SUMMIT for the past two years and there was clearly positive emotions at the Retirement Living Council national conference in Brisbane last week. And here is why: new retirement village development is back...

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Ian Horswill

Opinion

Reaping what we sow: No aged care beds. Now what? Time for Plan T

Click here

Lauren Broomham

Funding

View all

Funding

Aspen Group aimed to raise $4M – but could have taken $18M

Click here

Ian Horswill

Funding

Land lease operator GemLife’s IPO to surpass Virgin Australia, with 3 July listing confirmed

Adrian Puljich, his father Peter and Singapore diversified company Thakral Corporation opened talks on the possibilility of becoming a publicly listed business in April. A prospectus for the float will be lodged with the Australian Securities and...

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Ian Horswill

Aged Care

“Burdensome and underfunded”: aged care sector tells IHACPA what they think of AN-ACC cost collection

The Independent Health and Aged Care Pricing Authority (IHACPA) has released a 46-page report outlining the feedback received from the sector in the latest round of consultations on their pricing methodology. IHACPA received submissions from...

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Caroline Egan

Funding

Aspen Group raises $70M, launches bid for additional $4M in capital raise

The ASX-listed affordable accommodation provider – known for owning all its properties and projects – announced a Security Purchase Plan (SPP) on Wednesday (28 May), offering existing investors the opportunity to acquire up to $30,000 in Aspen securities without incurring broker fees, commissions, or other transaction costs.

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Ian Horswill

Funding

Aspen touts 20% return on invested capital at property investor event

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Lauren Broomham

Funding

Mareeba Community Housing Co granted extension to management of Community Housing for Seniors

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Ian Horswill

Funding

Macquarie Bank reduces its substantial stake in Ingenia Communities

The global financial services group has continued to reduce its stake in the owner/operator of land lease and rental communities and holiday parks. Macquarie Bank had a significant voting power of 10.92% in April last year, but the substantial...

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Ian Horswill

Sector Moves/People

John Innes departs club/retirement living JV group Pariter with Tom Roche assuming CEO position

After five years establishing Pariter and creating a pipeline of joint ventures with community and golf clubs, John Innes has handed the CEO role to Tom Roche. John Innes Tom has led numerous large real estate and infrastructure transactions for...

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Ian Horswill

Funding

GemLife’s owners look at becoming a public company for second time

Adrian Puljich and Singapore’s Thakral Corporation have reached out to JPMorgan and Morgan Stanley to set up introductory meetings with listed equities investors to see if there is sufficient interest in an Initial Public Offering for GemLife...

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Ian Horswill

Funding

David Di Pilla sells substantial part of his 8% stake in Ingenia Communities

The HMC Capital Managing Director has sold down its stake as it raised $150 million to its balance sheet as it prepares to buy Brookfield Asset Management’s Healthscope, the second largest operator of private hospitals in Australia. David Di Pill...

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Ian Horswill

Government Policy

$300M first round of Support at Home Thin Market Grants opens

This week Aged Care Minister Anika Wells announced the Support at Home Thin Markets Grant is open, with Home Care Package and Short-Term Restorative Care providers in outer regional, rural and remote areas or providers delivering care in specialised markets able to apply.

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Caroline Egan

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

News & Headlines

View all

Technology

Health Metrics acquired by US private equity firm Accel-KKR

“We’ve delivered strong growth under Tanarra’s guidance, and I believe Accel-KKR will help take that to the next level,” Paul told The Weekly SOURCE

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Caroline Egan

Aged Care

Pacific Equity Partners finalises 50% stake in Opal HealthCare

On 30 May 2025, Pacific Equity Partners (PEP), one of Australia’s oldest and most successful private equity firms, finalised its acquisition of a 50% stake in Opal HealthCare – Australia’s largest residential aged care provider – after securing shareholder and regulatory approvals.

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Caroline Egan

News & Issues

Westpac Leading Conversations at the Wharf: The future of retirement villages

The latest Westpac Leading Conversations at the Wharf was held in Fortitude Valley, Brisbane, featuring Glen Brown, Co-Founder and CEO of Reside Communities; Sean Graham, CEO of Aura Holdings; and Andrew Hudson, Operations Manager of Eureka Group...

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Ian Horswill

Sector Moves & People

Former Estia Health boss appointed CEO of Melbourne aged care operator Mayflower

Not For Profit aged care operator The Mayflower Group, which has three aged care homes and one retirement village in Melbourne, has announced the appointment of global health and aged care leader Paul Gregersen (pictured above) as its new CEO. Paul...

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Caroline Egan

Out of the Ordinary

Council deny this 18ft high tree at Perth retirement village is a danger

Retention of the tuart tree, Eucalyptus gomphocephala, was a condition in the 2016 development approval for the retirement village despite it being known as one of the six forest giants of southwest Australia. Today, the tuart more than 40 years old...

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Ian Horswill

Aged Care

Rethinking healthcare at home: why Amplar Health is building the future for ageing Australians

Australia’s population is ageing, hospitals are under pressure, and traditional care models are falling short. Amplar Health, led by CEO Robert Read (pictured above), is reimagining healthcare with hospital-level services delivered at home...

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Lauren Broomham

In the Headlines

GemLife set to be first ASX-listed retirement living business since Gateway Lifestyle in July 2015 with $313.7M revenue forecast in 2026

In November 2016, Adrian Puljich, his father Peter and Singapore diversified company Thakral Corporation launched GemLife with its first land lease community aimed at Baby Boomers on Bribie Island, Moreton Bay, Queensland. Peter already had more...

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Ian Horswill

Health

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Sector Moves & People

Former Newcastle Lord Mayor and prominent developer Jeff McCloy dies aged 75

The builder behind Newcastle’s John Hunter Hospital and several major retirement village projects has been remembered for his vision and love of the Hunter Region. He passed away, surrounded by family and friends on Queensland’s Gold Coast, at 1pm...

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Ian Horswill

Aged Care

Aged care COVID-19 cases hit 12-month high as 34 die in one week

As winter conditions settle in, the number of aged care staff and residents who contracted COVID-19 in the last week increased 14% to more than 2,000, with outbreaks in 268 homes.

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Caroline Egan

Aged Care

COVID-19 hits one in 10 aged care homes

As winter sets in, 252 aged care homes experienced a COVID-19 outbreak in the week to 12 June 2025, nearly 10% of all homes, as nearly 1,800 aged care staff and residents tested positive to the virus.

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Caroline Egan

Technology

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Technology

The Weekly SOURCE

Finding innovation in unexpected places: rethinking the role of suppliers in Aged Care technology

Click here

Group Editor

Government Policy

Juniper CEO Russell Bricknell warns WA Budget fails to meet aged care crisis head-on

Click here

Caroline Egan

Technology

Health Metrics acquired by US private equity firm Accel-KKR

“We’ve delivered strong growth under Tanarra’s guidance, and I believe Accel-KKR will help take that to the next level,” Paul told The Weekly SOURCE

Click here

Caroline Egan

Technology

SilVR Adventures: A phenomenal aged care growth story powered by VR

When Colin Pudsey founded virtual reality (VR) start up SilVR Adventures in 2019, he set out to solve one of the most intractable problems of our time: the growing number of older people who experience social isolation and loneliness. Colin also...

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Caroline Egan

Mergers & Acquisitions

View all

Mergers & Acquisitions

“Aveo is a fantastic business, run by a fantastic management team”: Scape CEO Stephen Gaitanos backs landmark $3.85B acquisition

Click here

Ian Horswill

Mergers & Acquisitions

Brookfield sells retirement village operator Aveo for $3.85B

Brookfield Asset Management, a leading global alternative asset manager headquartered in New York with over US$1 trillion of assets under management, has agreed to sell its retirement living platform, Aveo, to The Living Company for A$3.85 billion...

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Ian Horswill

Chris Baynes

Aveo transformation masterclass: turning $1.27B into $3.85B in 55 months

Click here

Chris Baynes

Aged Care

mecwacare acquires stand-alone aged care home in southwest Melbourne

Not For Profit Victorian aged care provider mecwacare has acquired the 51-bed Allanvale Private Nursing Home, in Altona Meadows, southwest Melbourne.

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Caroline Egan

Technology

Health Metrics acquired by US private equity firm Accel-KKR

“We’ve delivered strong growth under Tanarra’s guidance, and I believe Accel-KKR will help take that to the next level,” Paul told The Weekly SOURCE

Click here

Caroline Egan

Mergers & Acquisitions

Southern Cross Care Broken Hill operations formally transferred to Southern Cross Care Queensland

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Caroline Egan

Aged Care

Pacific Equity Partners finalises 50% stake in Opal HealthCare

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Caroline Egan

Mergers & Acquisitions

Banks said to be ready to bankroll Scape’s $3B bid for retirement village operator Aveo

Australia’s largest student accommodation provider is reported to be close to announcing its purchase of the second largest retirement village operator, which was put for sale by its owner Brookfield Asset Management in June last year. The buyer...

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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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Government Policy

UK aged care faces crisis as immigration rules tighten

If you thought Australia’s aged care sector was doing it tough, spare a thought for our UK counterparts.

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Lauren Broomham

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