Community Living

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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

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

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

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

Sector Moves & People

The man who stalled Aspen’s takeover of Eureka wants to buy back their shares to emerge as Eureka’s biggest shareholder

A General Meeting is being held on Friday, 20 December, to decide if Ben and Blake Cottle’s investment entity Fileton can buy the shares. It will mean he and his associates have increased their voting power in Eureka from approximately 22.2% to...

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Ian Horswill

17 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

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

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

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

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Community Living

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

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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”

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Ian Horswill

17 Dec 2024

Community Living

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

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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

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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

Housing News

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Development

SA Government proposes four to six-storey retirement villages targeting single occupants

“The aim of the Accommodation Diversity Code Amendment is to increase the number of well-designed, diverse, and affordable housing supply options across the entire state, to respond to these population projections and growth in single person...

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Ian Horswill

09 Dec 2024

Housing News

First women aged 55 and over move into social housing in Melbourne as Margot Robbie Netflix doco highlights older women’s homelessness

Construction of the 96 social housing homes, a partnership between National Affordable Housing and Pace Development Group with $50 million provided by the Victorian Government, began in May 2023. The “missing middle” a term used by the...

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Ian Horswill

09 Dec 2024

Housing News

Apollo Care and The Shelter Collective provide 10 homes for women aged over 55 in Rockhampton

The aged care provider is partnering with the Central Queensland-based community-driven group of organisations to provide 10 affordable homes in Rockhampton. The Shelter Collective identifies underutilised or unused property to repurpose as housing...

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Ian Horswill

09 Dec 2024

Community Living

This is not a retirement village or land lease community — it’s a Build to Rent

The Gladstone, which is South Caroline-based Greystar’s first Build to Rent tower in Australia, has opened its doors with two months’ free rent in Melbourne. The largest apartment manager in the US, with over 726,826 units/beds as of 2023 has...

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Ian Horswill

02 Dec 2024

Housing News

Build to Rent laws passed with forecast of 80,000 rental homes in 10 years

The tax incentives in the Treasury Laws Amendment (Responsible Buy Now Pay Later and Other Measures) Bill 2024 and Capital Works (Build to Rent Misuse Tax) Bill 2024 apply to Build to Rent (BTR) projects of 50 or more apartments or dwellings, made...

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Ian Horswill

02 Dec 2024

Housing News

WA Government approves development of social and affordable BTR

The first state government-led Build to Rent will have109 one- and two-bedroom social, affordable and specialist disability rental apartments, across a four-storey development. The Smith Street Build-to-Rent (BTR) project is on the site of former...

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Ian Horswill

02 Dec 2024

Housing News

Funding secured for Uniting WA to operate social housing for women over 55 in Perth

The Not For Profit owns Wyn Carr House in Freemantle, 19km southwest of Perth’s CBD, and has secured $7 million from the state government to redevelop it for transitional accommodation for women over 55 facing homelessness. It had been hoped to...

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Ian Horswill

02 Dec 2024

Development

Goodwin will subsidise seven affordable retirement living units in new ACT village

The independent Not For Profit medium rise village in Downer, designed by CK Architecture, which will have 109 Independent Living Units (ILUs) and 20 Assisted Living Apartments. “The 109 ILUs will however include seven Affordable Retirement Living...

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Ian Horswill

10 Nov 2024

Housing News

Every apartment in RFBI’s affordable housing for women over 55 in NSW Mid North Coast snapped up

It is taken six years since the plan was first conceived and now CEO Frank Price is a happy man. The 23 one-bedroom affordable apartments for women over 55 facing homelessness in Watson Place, Bellingen, 547km north of Sydney, is through Belloran...

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Ian Horswill

10 Nov 2024

Opinion

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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

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.

Click here

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.

Click here

Chris Baynes

16 Dec 2024

Funding

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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

Government Policy

200 patients still lying in SA hospitals waiting for aged care beds

It would take two large aged care homes to house all the older patients in South Australian hospitals ready to be discharged, but waiting to be offered an aged care bed. The Peter Malinauskas Labor Government’s promise to build more than 600 new...

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Caroline Egan

17 Oct 2024

Government Policy

Hourly updates on Senate Inquiry into the Aged Care Bill 2024 in Canberra today

The Senate Inquiry into the Aged Care Bill 2024 will hold eight hearings around the country this month, with the Inquiry expected to be wrapped up by the end of the year. Acting Inspector-General of Aged Care Ian Yates is the first to appear before the inquiry in Canberra on 3 October 2024.

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Caroline Egan

03 Oct 2024

Government Policy

Inspector-General: aged care reforms do not meet Royal Commission’s expectations

In its Senate Inquiry into the Aged Care Bill 2024 submission, the Office of the Inspector-General of Aged Care (OIGAC), which is led by long-time industry expert Ian Yates AM, has restated its position that Australia should be moving towards...

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Caroline Egan

03 Oct 2024

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

20 Nov 2023

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

26 Oct 2023

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

26 Oct 2023

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

26 Oct 2023

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

28 Aug 2023

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

01 Aug 2023

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

26 Jul 2023

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

25 Jul 2023

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

13 Jun 2023