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47 minutes ago

Community Living

Calvary Health Care’s first rental village of eight rooms filled in just three days

The Weekly SOURCE exclusively reported in January, the Not For Profit had chosen to transform its Sydney Williams retirement village in Doncaster East, 20km east of Melbourne’s CBD, into a seniors’ rental village. “We had more than 50 enquiries...

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1 hour ago

Government Policy

Most significant changes proposed for land lease sector in a generation

The NSW Government is on the cusp of allowing more land lease communities to be built in the state. Tom Kearney, Executive Director Policy & Programs, Building Commission NSW, gave a comprehensive briefing on the proposed changes to Part 6 of...

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11 Mar 2025

Government Policy

Retirement village operators need to hold $20M to $200M in liquidity in proposed aged care standards

Retirement Living Council (RLC) Executive Director Daniel Gannon said upset village operators with aged care facilities are contacting him daily after The Weekly SOURCE revealed the government’s proposal to retain 10% of refundable amounts under the...

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11 Mar 2025

Detailed plans to redevelop Highgate Park, Fullarton, Adelaide, for Living Choice and Opal HealthCare revealed

Ian Tregoning and Graham Hobbs’ retirement living business and the ASX-listed aged care provider bought the 2.8ha of land, which included the historic Julia Farr Centre, for $42 million in January 2024. Now detailed plans have been submitted to...

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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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Third.i latest to enter Over 50s land lease communities’ sector

Maitland City Council, in the city 166km north of Sydney’s CBD, is exhibiting a concept development application by the diversified property development and investment company with operations in Australia, UK and Singapore. The community with be...

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Community Living

Stockland Halcyon’s 214-home Vasse land lease community in WA approved

The state government’s Regional Development Assessment Panel approved the Sydney-based diversified property developer’s third over 55s lifestyle resort in WA on Thursday, 6 March. Stockland Project Director Andrew Wallis said: “Following the...

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Sector Moves & People

Retirement Living Council Management Committee contains For Profits and Not For Profits

The peak body for the retirement living sector has named its Management Commitee for the next two years. The Weekly SOURCE reported on 21 February Aveo Chief Executive Officer Tony Randello was re-elected Council President. Dr Brett Robinson, CEO of...

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Is this the future? UPA Wahroonga to add a net 106 ILUs and lose 41 care beds in $178M plan

The State Significant Development for the existing site, 18km northwest of Sydney’s CBD, has reached the Exhibition stage with 132 new independent living units replacing 26 ILUs and 41 residential aged care beds. The proposed development is to...

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How Levande’s Oak Grange retirement village in Brighton East, Melbourne, is going to look

Project Manager Armitage Jones has allowed its LinkedIn followers to see the retirement village operator’s redevelopment of its site in one of Melbourne’s wealthiest suburbs. The Weekly SOURCE reported on Tuesday, 11 February, the redevelopment...

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Lincoln Place has approval for first land lease community in Townsville – 350 homes

The multi-million dollar masterplanned Northern Beaches Lifestyle Estate in the suburb of Mount Low, will feature 350 freestanding homes over four stages and extensive lifestyle facilities including two swimming pools for over 50s. Lincoln Place...

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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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