User Profile

15 hours ago

1H25 financial reports reveal Stockland and Ingenia land lease community pipelines strong

The cost of living is clearly hitting parts of the retirement living sector, with the property downturn particularly severe in Victoria. Stockland through its Halcyon brand and Ingenia Communities’ Ingenia Lifestyle division are leading the sector...

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Mergers & Acquisitions

Over 6ha land lease community Palms Village owned by three families sells for about $24M to private individual

Originally developed as a caravan park during the seventies, Palms Village has been transformed into an over 50s land lease community of 226 sites housing around 300 residents. The Logan, Eastaway and Cahill families have continue the tradition...

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Eureka has $100M+ pipeline with all-age communities the focus

Chief Executive Officer Simon Owen, who took on the role at Eureka in August last year, said he is committed to continue to expand the Eureka business with all-age rental communities the focus. “Eureka’s pipeline of acquisition opportunities...

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Sector Moves & People

Russell Banham to replace Eureka’s retiring Executive Chairman Murray Boyte

Murray has been Executive Chairman of the ASX-listed pure-play seniors’ rental land lease operator for the past seven years. He assumed the additional role of Chief Executive Officer when Cameron Taylor suffered a non work-related accident in...

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Housing

SATURDAY magazine – it’s your business: affordable seniors’ housing on the back of a ute

Designed for ageing in place? Check. Up to three or four bedrooms? Check. Can be folded down to 2.5 metres wide? Check. Innovative VanHomes is making the old granny flat look like the doghouse. Full story in SATURDAY magazine. Considering...

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Sector Moves & People

UnitingCare Queensland CEO Craig Barke to quit at end of June 2025

After 14 years at the helm of the conglomerate of household care brands, including BlueCare, UnitingCare, ARRCS, Lifeline in Queensland, The Wesley Hospital, Buderim Private Hospital, St Stephen’s Hospital and St Andrew’s War Memorial Hospital...

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Work starts on Summerset Group’s first Australian care home at its Cranbourne North village in Melbourne

The New Zealand continuum of care operator announced a record full year underlying profit for the year ending 31 December 2024 of NZ$206.4 million, up 8% on FY23, yet recorded a lower net profit net profit of NZ$339.8M (NZ$425.3M 12 months earlier)...

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Development

AVID Property Group announces two new Vantage land lease communities with two more in pipeline

With development approvals for Vantage Lilywood in Moreton Bay and Vantage Logan Reserve in Logan, the recent entrant into the sector now has 11 active communities across southeast Queensland and Victoria. The latest news follows the recent...

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Development

Principle Living has first of five retirement living projects 75% sold on NSW Hunter led by sector veterans

With a history in the late 90’s developing two of the highly awarded Glen Group villages, the Stevens property group has joined with Andrew Mann who built with his mother Sue, the Sue Mann Nursing and Community Care group which dominated the...

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Development

New renders offer first look at Odyssey Robina’s fourth tower

The final tower at Phil Usher’s first private aged care venture on Queensland’s Gold Coast, which began in 2020, is taking shape. An additional 68 apartments add to the community, developed in consultation with residents. The eight-storey...

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18 hours ago

Ozcare’s $165M Rendu Towers in Newstead, Brisbane, sold out

The Not For Profit’s five-star hotel style continuum of care development opened in July 2023 and has now sold all 139 independent living units, each with a view. With the apartments originally selling from $408,000 to $3.2 million, no sooner was...

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18 hours ago

Sector Moves & People

Moving from contract lawyer to Village Manager is a winner for Levande’s Kirstie Smith

Kirstie, named VIC/TAS Village Manager of the Year, first dipped her toes into the retirement living sector with Stockland in 2016 and spent her days specialising in contracts for incoming and outgoing residents as a senior legal administrator...

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