News & Headlines

Meet the sector’s innovators in the final issue of SATURDAY magazine for 2024

Every day, leaders across the retirement living, land lease and aged care sectors are on the frontline, driving new approaches and solving the challenges facing the sector – so what are the names you need to know? In the final issue of SATURDAY...

Click here

Lauren Broomham

03 Dec 2024

Out of the Ordinary

2024 DCM Institute VILLAGE SUMMIT tops 630 attendees across five cities

Attendance at the VILLAGE SUMMIT has jumped 32% in 2024, from 470 last November to 630 this year. The third professional development day for the year for Institute Members plus other village leaders, the program is being embraced by more than 150...

Click here

Chris Baynes

26 Nov 2024

Out of the Ordinary

Issue 89 of SATURDAY magazine: Pioneers never stop innovating

Learn more HERE

Click here

Ian Horswill

26 Nov 2024

Chris Baynes

New Aged Care Act – and Plan B co-contribution funding – was achieved just three years to the day from when the sector was called to mobilise

In November 2021, the editorial team here at DCM/The SOURCE sat down and discussed what is the future for aged care. To be blunt, there was no optimism in the sector as operators racked up month after month of financial losses.

Click here

Chris Baynes

22 Nov 2024

In the Headlines

Aveo Group’s $11M settlement saved the retirement living sector

The capitulation by the class action lawyers Levitt Robinson in its six-year bid to score a speculated $100 million-plus from village operator Aveo Group, claiming dodgy contracts and deals with residents, saved the retirement village sector months...

Click here

Ian Horswill

03 Apr 2023

Out of the Ordinary

$5.4M penthouse apartment for sale in retirement village in Auckland’s wealthiest suburb

The construction site (left) is where Abbott Residences is rising beside Nathan Residences (right). This is The Foundation, a retirement village being built in Parnell, Auckland, one of New Zealand’s most affluent suburbs. The asking price for...

Click here

Ian Horswill

18 Nov 2024

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...

Click here

Ian Horswill

18 Nov 2024

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...

Click here

Ian Horswill

18 Nov 2024

News & Issues

Retirement Living Council to significantly cut price of Code of Conduct subscription to support operator sign up

Executive Director Daniel Gannon said it is time to engage all village operators to participate – it is simply not good enough that less than 40% of retirement villages are subscribers to its Code of Conduct launched six years ago. He states that...

Click here

Ian Horswill

10 Nov 2024

Out of the Ordinary

Anglicare scraps DMF for LDK’s Village Membership model at Woolooware Shores with early success

The Deferred Management Fee (DMF) has been replaced at the For Purpose Not For Profit’s Woolooware Shores retirement village in Taren Point, 18km south of Sydney’s CBD. Jodie Pennings, Head of Sales, Retirement Living, at Anglicare, contacted us...

Click here

Ian Horswill

04 Nov 2024

In the Headlines

Retirement Living Council says ABC 7.30 retirement living coverage is activist journalism

The Retirement Living Council has told the ABC its “campaign” against the retirement living sector is clearly in breach of the taxpayer-funded broadcaster’s Editorial Policies, Principles and Standards, particularly in relation to impartiality...

Click here

Ian Horswill

22 Oct 2024

News & Issues

Look Adele Ferguson: Here’s five people of 249,996 people you did not interview who have been in retirement living for 130 years combined

ABC 7.30 featured four residents in its agenda-driven stories on retirement villages to claim there are “systemic” issues in the retirement living sector and the “Fee structure creates incentive to churn residents’. That left 249,996...

Click here

Ian Horswill

21 Oct 2024

In the Headlines

$13.5B land lease community penetration rate now estimated 3% compared to 1.6% in 2021 with demand unsatisfied: Chadwick Property Valuers

The Retirement Living Council states 250,000 people live in retirement living; the Chadwick Land Lease Communities (LLC) Industry Report September 2024 estimates 135,000 people now live in the $13.5 billion land lease communities’ sector. “In...

Click here

Ian Horswill

22 Oct 2024