Aged Care

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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

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

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

18 Dec 2024

Sector Moves & People

Janet Anderson out, new Aged Care Quality and Safety Commissioner in

The inaugural Commissioner of the Aged Care Quality and Safety Commission, Janet Anderson PSM, will depart the role next month after six years in favour of a new face.

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Lauren Broomham

13 Dec 2024

Legal Issues

Man has charges upgraded to include murder and manslaughter after death of aged care resident

A man, 34, who broke into a residential aged care facility at Bateau Bay on the NSW Central Coast where he allegedly assaulted and sexually assaulted a 90-year-old woman on 15 November 15, 2023, has had his charges upgraded to include murder and...

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Ian Horswill

18 Dec 2024

Government

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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

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

Click here

Lauren Broomham

18 Dec 2024

Home Care

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

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Lauren Broomham

13 Dec 2024

Aged Care

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

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Lauren Broomham

12 Dec 2024

Government Policy

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

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Ian Horswill

18 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.

Click here

Caroline Egan

18 Dec 2024

Community Living

2024 Year in Review: Community Living

The Weekly SOURCE looks back at the past 12 months in the community living sector. With its momentum hampered by high interest rates, the retirement living sector in October came under attack from the ABC, aided and abetted by Centre Alliance...

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Ian Horswill

16 Dec 2024

Development

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Community Living

Aveo chosen by NSW Government as partner to turn Manly Hospital site in Sydney into seniors’ housing

First established in 1896, Manly Hospital on Sydney’s Northern Beaches was closed in 2018 following the relocation of services to the 488-bed Northern Beaches Hospital, operated and maintained by Healthscope, at Frenchs Forest, 13km north of...

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Ian Horswill

18 Dec 2024

Community Living

2024 Year in Review: Community Living

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Ian Horswill

16 Dec 2024

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

17 Dec 2024

Community Living

Stage two of Keyton’s Bernborough Ascot retirement village in Brisbane nears completion

The second stage of Australia’s first vertical retirement community built within a racecourse precinct; Poinciana House is now set to open early next year with over 60% of its 53 independent living apartments already sold.

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Lauren Broomham

16 Dec 2024

Development

Stockland Halcyon notches up 24 land lease communities, unveils its latest 212-home LLC on the Sunshine Coast

The prolific property developer has launched its newest land lease community, Halcyon Dales, guaranteeing new residents a nine-month build.

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Lauren Broomham

16 Dec 2024

Development

GemLife launches its second $250M Toowoomba community – complete with $12.5M Country Club and Summer House

After recording more than $172 million in sales for its first land lease community in the southern Queensland city, 90 minutes west of Brisbane, GemLife Director and CEO Adrian Puljich is taking the operator back for a second bite of the cherry.

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Lauren Broomham

16 Dec 2024

Development

Opal HealthCare adds sixth storey to $100M+ care community co-located with Keyton retirement village

Opal HealthCare, Australia’s largest residential aged care operator, has lodged a development application to build the 154-bed Ascot Grove Care Community at the retirement living developer Keyton’s Bernborough Ascot precinct in Brisbane. According to a Keyton...

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Caroline Egan

12 Dec 2024

Development

After Council took 289 days to approve a revision, small Not For Profit commences new aged care home in Sydney’s West

Not For Profit Holy Family Services has begun groundworks on its two-storey, 60-bed Nazareth Building, after revisions to its plans to align it with the National Aged Care Design Principles and Guidelines took Blacktown City Council nearly 10 months to approve.

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Caroline Egan

11 Dec 2024

Development

Apollo Care’s Tenterfield Care in NSW opens 28 new aged care beds

Tenterfield Care’s Haddington Aged Care Community, 670km north of Sydney, opened 28 new aged care beds this week, a development made possible with the investment of Apollo Care, which supports struggling Not For Profit aged care homes in regional Australia.

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Caroline Egan

11 Dec 2024

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

18 Dec 2024

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

18 Nov 2024

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

20 Aug 2024

Mergers & Acquisitions

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Mergers & Acquisitions

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

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Ian Horswill

17 Dec 2024

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

11 Dec 2024

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

11 Dec 2024

Mergers & Acquisitions

With its closest aged care home 1,200km away, St Vincent’s Care Services sells Townsville facility to Ozcare

Ozcare was established as part of the St Vincent de Paul Society Queensland in 1996 and nearly 30 years later has more than 50 locations throughout Queensland including 18 aged care homes, with several in and around Townsville

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Caroline Egan

11 Dec 2024

Opinion

View all

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.

Click here

Lauren Broomham

18 Dec 2024

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

16 Dec 2024

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

16 Dec 2024

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

12 Dec 2024

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

10 Dec 2024

Opinion

With home care now firmly a logistics business, how many operators will seek to exit?

Home care providers are facing two incoming freight trains speeding towards them in 2025. You must ask the question: how many will still be in business in 12 months’ time? The first train: Earlier this week, aged care accountants StewartBrown...

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Lauren Broomham

05 Dec 2024

Opinion

Regulators and village staff have a message for Operators: ‘Training – it’s important’

In NSW, on the accepted recommendations of the Greiner Inquiry, village staff training was enshrined as a cornerstone requirement in the new (2019) Rules of Conduct. But operators are ignoring it. Our research says just 30% of villages (and...

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Chris Baynes

02 Dec 2024

Opinion

Wheel of fortune: who wants a 40-year-old aged care facility?

If you needed proof that the aged care bed drought is real, look no further than the latest Operation of the Aged Care Act 2023-24 which came out on Tuesday (26 November). Page 112 of the 144-page report reveals that the estimated value of building...

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Lauren Broomham

28 Nov 2024

Opinion

The legislation that will change the retirement village sector forever

The new Aged Care Act was passed in Parliament yesterday and with it Anika Wells announced 83,000 additional Home Care packages. These actions will cement care into retirement villages. Independent living will gradually disappear as a value...

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Chris Baynes

26 Nov 2024