Community Living

GemLife on track to deliver 6,500 new homes by 2033: Thakral Corp

Mar 17 2025 Updated 15 hours ago

Ian Horswill

1 min read

The diversified company listed on the Singapore stock exchange, which owns part of the Puljich family’s land lease business, stated its investment segment saw higher revenue of $18.7 million (S$15.8 million) in FY2024.

The 16.3% higher year-on-year result was mainly due to GemLife, Thakral reported.

“The group’s over 50s lifestyle resorts venture saw strong demand and sales as it settled 355 homes in 2024 and attained 1,804 homes occupied,” said Thakral.

GemLife Director and CEO Adrian Puljich is a speaker at the sold out 2025 LEADERS SUMMIT starting today.

Breaking news: RLC not happy – and secures emergency meeting with federal aged care regulator tomorrow to discuss proposed retirement village liquidity requirements

In a first for the retirement village sector, Retirement Living Council (RLC) representatives will meet with the Federal Aged Care Quality and Safety Commission (ACQSC) tomorrow (Thursday 6 March) to urgently counsel them on the impact of proposed federal liquidity requirements on village operators that will potentially stunt the village business model.

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Lauren Broomham

05 Mar 2025

Sector Moves & People

BaptistCare announce leadership team for new entity after merger finalised

The successful completion of the merger between Baptcare(VIC, TAS, SA), Baptist Care SA and BaptistCare (NSW, ACT, WA) has been announced with the new entity to be known as BaptistCare. “This merger is about much more than pooling resources; it’s...

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Ian Horswill

07 Mar 2025

Opinion

Is this the canary in the coal mine for retirement village operators? The future when care crosses independent living

On 18 February, the Aged Care Quality and Safety Commission quietly released an ‘Exposure Draft’ for the Aged Care Financial and Prudential Standards 2025. In it the Federal Government crossed the line into retirement villages. See the wording...

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Chris Baynes

04 Mar 2025

Opinion

Australian Unity Group CEO Rohan Mead calls out why all village operators need to focus on a new revenue business model

The Financial Review last Wednesday published an exclusive article based on Rohan Mead’s assertion that the Australian health system is about to be swamped. In simple language, currently we average 20,000 ageing Australians turning 80 each year...

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Chris Baynes

10 Mar 2025

Ageing Australia makes submission on WA Retirement Villages Act review

Mark Prosser, the peak body’s Director Retirement Living & Seniors Housing, has made a submission to the final of four consultation papers to implement recommendations from the Statutory Review of Retirement Villages Legislation Final Report...

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Ian Horswill

15 hours ago

Government Policy

Retirement Living Council want village operators’ liabilities excluded from proposed liquidity standard: operators to walk from new builds

Executive Director Daniel Gannon is hopeful the Aged Care Quality and Safety Commission has heard the deafening unrest from the sector after making representations in a meeting last Thursday. Friday was the last day for submission about the Aged...

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Ian Horswill

15 hours ago

Government Policy

Vasey RSL Care secures $5.7M for acute housing for veterans

The leading provider of ex-service accommodation, care and support is creating The V Satellite, in Geelong, Victoria, to provide transitional accommodation and support services to veterans in need after securing $4.3 million from the Australian...

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Proposed liquidity requirements likely to increase cost of capital and threaten new builds, warns StewartBrown

Residential aged care operators would need to retain more than double the amount of liquid assets that they already hold under the proposed new Financial and Prudential Standards – according to new modelling released by the aged care accountants this afternoon (Friday 14 March).

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Lauren Broomham

14 Mar 2025