Community Living

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

Mar 17 2025 Updated 16 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

Home Care

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

Uniting’s biggest ever project $448M Waverley Estate refines plans for public exhibition

The Not For Profit states the redevelopment will not only honour the Estate’s rich Victorian heritage but also introduce modern, accessible spaces designed to meet the evolving needs of the Waverley community in Sydney’s eastern suburbs. Uniting...

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Gannon Lifestyle Communities’ Angle Vale Gardens Retirement Estate complete after first resident moved in 2010

Home to 240 residents, the retirement estate features 130 Independent Living Units and 32 Assisted Living Apartments and community facilities. Designed to cater to the evolving needs of Adelaide’s north, the Angle Vale development was influenced...

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Aveo invests $200M+ in village upgrades while its resident NPS hits high of 57

With Aveo owner Brookfield hoping to sell the retirement village operator for $3+ billion later this year, the leading provider of retirement villages has been upgrading its portfolio infrastructure, improving sustainability measures, and...

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RSL LifeCare reduces expansion of Bullecourt Retirement Village in ACT

The charitable organisation has resubmitted a smaller expansion of the village in Kaleen, a suburb in the Belconnen district of Canberra, after opposition to a previous proposal in 2022. The new $35 million proposal reduces the building heights to...

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Ian Horswill

17 hours ago