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University of Canberra planning on-campus aged care facilities

The University of Canberra (UC) is looking for a partner to develop aged care services that will form part of an on-campus health hub, to help attract researchers, address local health needs, and deliver additional income streams. “The University...

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Team Editor

09 Nov 2023

Development

Former Bupa home sold to overseas investor for $12M

A vacant aged care facility in Donvale, Melbourne, operated by Bupa until July 2022, has been sold for $12M to an overseas investor. The new owners plan to refurbish the building, located 20km east of the Melbourne CBD, and reopen as an aged care...

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Team Editor

09 Nov 2023

Sector Moves & People

MJH Multi Residential Projects raises over $12,000 for Ronald McDonald House’s Christmas Appeal

The Sydney-based builder, which works for Hometown Australia, Aveo Group, Stockland, IRT Group and Anglicare Sydney, has raised the money in just over a week for Ronald McDonald House Charities Greater Western Sydney Twelve Nights of Christmas...

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Team Editor

31 Oct 2023

Funding

Five Australian banks now come to the Aveo party to loan Brookfield Asset Management $1.45B

Westpac, National Australia Bank, ANZ, Barclays and Malaysia’s MayBank have written the $1.45 billion refinancing for Australia’s leading retirement village provider. Australia’s only ASX listed pure retirement village operator was privatised...

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Team Editor

18 Jul 2023

Sector Moves & People

Cameron Taylor resigns as CEO of Eureka Group after non-work related accident

The Board of Directors of the Brisbane-based rental village provider has informed the ASX that its CEO, Cameron Taylor has resigned. Cameron, who was appointed CEO on 1 July 2021, after joining the business as Chief Operating Officer in March 2019...

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Team Editor

18 Jul 2023

Developments

Ingenia Communities’ Simon Owen and Lincoln Place’s Nick Collishaw discuss construction challenges for land lease

“There’s significant issues around building. Pre-COVID, it would take us 16 or 18 weeks to build a home. Six months ago it was taking over 30 weeks. Now it’s probably normalising around 20 to 24,” said Simon

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Team Editor

18 Jul 2023

Housing News

Retirement Living Council hits the media arguing for affordable seniors (village) housing

On Sunday Daniel Gannon, Executive Director of the Retirement Living Council, held a well attended presidential-style media conference giving a warning to the three tiers of government – local, state and federal - as land and approval supply...

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Team Editor

18 Jul 2023

Housing News

GemLife challenges LLC sector with bigger blocks, bigger homes, guaranteed open views across 553 sites

Queensland-based land lease developer, GemLife, said its home product at its newest venture in Moreton Bay, 34km north of Brisbane, will lead the sector. The homes are being designed by GemLife’s in-house designers and building team. “They are...

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Team Editor

18 Jul 2023

Legal Issues

Aveo Group responds to court injunction over Springfield development in QLD

Aveo Group, Australia’s largest retirement living provider, has responded to an article in The SOURCE, entitled “Interlocutory injunction granted against Aveo over $1B Springfield development” published on 11 July. “At all times, Aveo has...

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Team Editor

18 Jul 2023

Developments

Institutions backing Land Lease and Ingenia as investment grade

MLC Asset Management’s Anthony Golowenko was asked if he had $10,000 where would he invest it. The answer: Ingenia Communities because of the fundamentals of the housing market and Ingenia’s development pipeline. It is one of three stocks he...

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Team Editor

18 Jul 2023

Selling

New 2 bed LLC homes at Lake Tinaroo Lifestyle Village south of Cairns: $260,000

“We’ve been fielding an increasing number of calls from potential local and interstate buyers wanting to move to the area, but with no time to wait on a new build and not ready to tackle the rental market while they await its completion,”...

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Team Editor

18 Jul 2023

Community Living

85-year-old Rudi is the best advertisement for the retirement living sector

Retirement villages are often confused with aged care homes, and at time disparaged for being segregated from the wider community. The sector can learn from this story in News Corp’s QWeekend magazine about Rudi Bianchi, who is a resident at Blue...

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Team Editor

18 Jul 2023

Redevelopments

Plans for seniors living on part of former Newcastle Workers Club site in NSW revived

Developer GWH Group has lodged a modified development application for the former car park site of Wests City in Newcastle. Wests Group completed the sale of the 6600msq site to GWH earlier this year with approval in place for two 14-storey towers...

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Team Editor

18 Jul 2023