User Profile

21 Nov 2024

Legal Issues

WA’s new Retirement Villages Act significantly increases operator’s risk of being personally criminally liable: lawyers

The Weekly SOURCE reported in last Tuesday’s newsletter, the WA Government had passed the Retirement Villages Act 1992 (WA) 2024 which had been more than a decade in the making. These changes, when read with the subject matter of the foreshadowed...

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News & Issues

StewartBrown Partner Stuart Hutcheon to address ACCPA about Retirement Living Performance Report

The highly impressive initial response by the sector to the news the widely respected aged https://www. linkedin. com/in/david-gallery-9a887b13/care benchmarking accountant is providing an independent survey and report for the advocacy of the...

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Out of the Ordinary

ABC 7.30 attack on Lifestyle Communities sees 64 cancellations and no new sales

It was in July when the show ABC 7.30 reported on Lifestyle Wollert resident Geoff Gauci, who described his investment in the land lease community as “a financial prison”. Lifestyle Communities shares immediately shed 7.8% from $12.57 to $11.59...

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HTL Property says Hometown Australia’s Macquarie Shores purchase largest land lease community sale of 2024

The fully occupied 214-home Macquarie Shores Home Village over 50s land lease community, which also has one vacant, development-ready site, was only offered to targeted suitors in an off-market sale. “Macquarie Shores Home Village ultimately sold...

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Adrian Puljich not slowing down as family pay $30M for 27.99ha site in Logan, QLD

The land lease community operator, which is currently developing seven existing over 50s lifestyle resorts and will potentially launch six new resorts across GemLife, Living Gems and Aliria early next year, is the buyer of the site in Heritage Park...

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Government Policy

Funding boosted for manufactured home development: NSW LLLIA

NSW Land Lease Living Association (LLLIA), which is part of the Caravan & Camping Industry Association NSW, said the announcement of the National Productivity Fund by Federal Treasurer Jim Chalmers will boost the burgeoning sector. States and...

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Foreign Investment Review Board clears Stockland’s purchase of Lendlease’s masterplanned communities with nine land lease sites

The Lendlease deal, according to Stockland CEO - Development, Andrew Whitson, includes up to nine future land lease communities totalling 2,500 home sites. The purchase was announced in December 2023 when Lendlease told the ASX that it had entered...

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Sector Moves & People

RetireAustralia CEO Brett Robinson elected rugby union’s most powerful person

Brett is the first person elected Chair of the international federation from the Southern Hemisphere. He described his appointment as “a great privilege and an honour”, before stressing that “work starts today, now”. “There are a list of...

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Awards

Why Keyton’s GRESB sustainability benchmarks are important

For the fifth year running the nation’s leading retirement village operator achieved a 5-star Global Real Estate Sustainability Benchmark (GRESB), this year for its development portfolio and a 4-star for its existing villages in the non-listed...

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Lincoln Place announce 22nd over 50s land lease community

The 209 proposed two- and three-bedroom homes in Eagle Point Lifestyle Estate will be the operator’s first in Victoria’s Gippsland Lakes region. Located between the towns of Bairnsdale and Paynesville, the community will have northeasterly water...

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Development

First residents to move into what will be Ingenia Lifestyle and Australia’s biggest land lease community

Archer’s Run in Morisset, 111km north-northeast of Sydney’s CBD, will have more than 600 homes on completion. Ingenia Communities CEO John Carfi opened Archer’s Run’s state-of-the-art Vision Centre, showcasing the brand new residential land lease...

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Development

Ryman Healthcare finishes its eighth continuum of care model Bert Newton Retirement Village

The first stage opened in July 2023 and now the village in the trendy suburb of Highett, 16km southeast of Melbourne’s CBD, is finished. It offers Ryman’s continuum of care, with 85 independent apartments, 45 serviced apartments, and a 79-bed...

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