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Queens Lake Village saga continues

Feb 24 2011 Updated July 4, 2023

The Weekly Source

1 min read

Queens Lake Village residents have taken their dispute with Stockland to NSW shadow minister for Fair Trading. A large number of the villages residents attended the meeting with the Liberal Partys Greg Aplin MP, which was also attended by the Nationals Port Macquarie candidate Leslie Williams. The dispute centres on rejection of the village budget by residents because of lack of details provided by Stockland. The Consumer, Trader and Tenancy Council (CTTC) has ruled in favour of the residents but Stockland appealed against the decision and both parties are awaiting the outcome of this on March 14.

Scape moving to acquire Aveo is good news – here is why

It was revealed in the Financial Review this week that Australian student accommodation giant Scape is now the exclusive bidder to buy Aveo, for an indicated $3.5B. They will bring fresh thinking to the retirement village sector. Take a step back...

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Chris Baynes

15 Apr 2025

Mergers & Acquisitions

Scape reportedly in exclusive talks to buy retirement village operator Aveo

The student accommodation provider, working with Macquarie Capital and Deutsche Bank on due diligence, is likely to call on the two banks and Scape’s capital partners to buy the $3 billion plus business owned by Brookfield. Brookfield put Aveo up...

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Ian Horswill

15 Apr 2025

Opinion

Damned if you do, damned if you don’t: aged care on a collision course with care minutes

With just 12 months until care minutes are linked with funding, residential aged care providers are facing a lose-lose scenario: lose funding if they understaff but fail to be compensated if they exceed targets, says Shalain Singh, Managing Director and CEO of Arrow Advisory Group.

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Lauren Broomham

17 Apr 2025

Mergers & Acquisitions

Exclusive: Levande buys four new sites for retirement villages

Levande adds four new sites to its $2B growth plan, including major developments in Sydney, Melbourne, and Geelong.

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Jury considers fate of police officer accused of manslaughter of aged care resident Clare Nowland

Senior Constable Kristian White, 34, has pleaded not guilty to the manslaughter of Clare Nowland, who he tasered at the 40-bed Yallambee Lodge aged care facility, in Cooma, 114km south of Canberra, on May 17, 2023.

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Mirus Australia: 57% not confident about their aged care home’s data handling

Just over half of respondents who attended a webinar hosted by the aged care advisory group disagreed with the statement they have proper applications in place managing their data safety and have no manual processes. The same survey by Mirus...

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AI-enhanced robots may be the key to calming anxious or agitated people living with dementia

A polit of social robots in Singapore has found they can help to engage or calm people living with dementia who are restless, anxious or agitated, and could offer an effective alternative to medication. Prudence Chan, Clinical Director of the...

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Aged care home operators chalk up fifth year of losses: StewartBrown

Residential aged care’s profitability improved in the March 2024 quarter, according to the latest Aged Care Financial Performance Survey Sector Report from StewartBrown. However, the improved results are due to increased Government funding for care...

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Caroline Egan

08 Jul 2024