User Profile

Ian
Horswill

Funding secured for Wesley Mission’s affordable and supported housing project in Canberra

Wesley Mission’s affordable rental and supported housing development in Curtin, Canberra, is officially going ahead after securing funding through the first round of the Australian Government’s $10 billion Housing Australia Future Fund (HAFF)...

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Ian Horswill

11 hours ago

Developments

Summerset’s second Melbourne retirement village to open early 2026 as new sales record set

Summerset has posted its strongest quarterly sales on record, with 402 sales for the quarter ending 30 June 2025 – comprising 222 new sales and 180 resales – according to a market update released to the NZX and ASX. It marks the New...

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Ian Horswill

12 hours ago

Mergers & Acquisitions

Levande marks seventh retirement village site acquisition in two years

The retirement living operator has acquired the development rights from Mirvac to build a retirement village at Oatlands Golf Club, a private golf club just beyond Parramatta’s CBD, about 18km northwest of central Sydney. Levande is partnering with...

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Ian Horswill

15 hours ago

Legal Issues

QCAT delays closure of Seasons Caloundra as residents win right to stay

The Queensland Civil and Administrative Tribunal (QCAT) has granted a stay on the closure of the Seasons Living Caloundra retirement village, allowing four remaining residents to stay in their homes until a legal review is complete. The Queensland...

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Ian Horswill

15 hours ago

News & Headlines

Resident dies after suspected gas explosion at land lease community in NSW Northern Rivers

An 85-year-old man has died after being badly burned in a fire that erupted in his land lease community home in Kingscliff, just south of Tweed Heads in the NSW Northern Rivers region, on Monday, 7 July. He suffered severe burns to 50% of his body...

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Ian Horswill

15 hours ago

Legal Issues

Lifestyle Communities shares drop 37.22% as it appeals VCAT DMF ruling

The ASX-listed land lease community operator will appeal a Victorian tribunal ruling that struck down its Deferred Management Fee (DMF) clause – and seek a stay on the orders while the process plays out. The VCAT decision, handed down on Monday (7...

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Ian Horswill

09 Jul 2025

Mergers & Acquisitions

Three years after $1B+ valuation, RetireAustralia faces $850M sale

Infratil and NZ Super put its jointly owned business RetireAustralia on the market in March 2022 with a reported price tag of over $1 billion. With its profits soring, the joint owners announced it was off the market in December 2023. In April last...

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Ian Horswill

08 Jul 2025

Development

Corio Projects’ $170M seniors living development in Sydney’s inner south approved

Corio Projects has been given the green light for 170 independent living units and a 34-bed residential care facility across six buildings up to eight storeys in Rosebery, 6km south of Sydney’s CBD. The NSW Government Department of Planning...

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Ian Horswill

08 Jul 2025

Community Living

Catholic Healthcare investing $600M to build connected communities across NSW

One of Australia’s largest Not For Profit providers of home care, residential care and retirement living services, is investing over $600 million over the next five years in five innovative connected communities in New South Wales. “We’ve spent...

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Ian Horswill

07 Jul 2025

International

Macquarie to launch $5B senior housing platform - in the US

Sydney-based Macquarie Asset Management is launching a dedicated senior hiousing platform across the Pacific Ocean. It has linked with Chicage-based Health Wave Partners, a boutique investment firm specialising in high-quality senior housing across...

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Ian Horswill

07 Jul 2025

Development

Hyegrove Willoughby gains home care approval ahead of September opening

Hyegrove Willoughby has secured approval to operate as a home care provider, with services set to launch in September alongside the opening of its high-end retirement village on Sydney’s Lower North Shore, 8km north of the CBD. Developed by...

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Ian Horswill

07 Jul 2025

International

NZ retirement villages take more than 20 years to turn a profit: Grant Thornton

Retirement villages in New Zealand can take more than two decades to become profitable, according to a new study from auditor and advisory firm Grant Thornton. The report, The Path to Profitability, found the average retirement village reaches...

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Ian Horswill

07 Jul 2025

Legal Issues

VCAT rules Lifestyle Communities’ DMF model illegal

Lifestyle Communities’ business model is under serious threat after a ruling by VCAT President Justice Ted Woodward found its exit fee structure to be illegal. The ASX-listed land lease operator, which was valued at $861.9 million and placed in...

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Ian Horswill

07 Jul 2025