Retirement and Community Living

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...

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Lauren Broomham

03 Dec 2024

Community Living

Colliers’ Land Lease Community Market Overview: “significant growth fundamentals”

When Stockland CEO Tarun Gupta sold the 58 villages and 10 development projects underway in its Retirement Living business to Swedish investment firm EQT Infrastructure (EQT) for $987 million in February 2022, he made one very telling comment. As he...

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Ian Horswill

02 Dec 2024

Mergers & Acquisitions

Ingenia still a developer as it buys two greenfield sites for almost $30M

Seven days after publicly stating Ingenia Communities is pivoting from being an asset aggregator to an asset developer and operator, it bought two development-approved large greenfield sites in Queensland. Its Ingenia Lifestyles over 50s land lease...

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Ian Horswill

02 Dec 2024

Opinion

Regulators and village staff have a message for Operators: ‘Training – it’s important’

In NSW, on the accepted recommendations of the Greiner Inquiry, village staff training was enshrined as a cornerstone requirement in the new (2019) Rules of Conduct. But operators are ignoring it. Our research says just 30% of villages (and...

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Chris Baynes

02 Dec 2024

Partnering With Westpac

“Are you going to increase your village staffing, with the emphasis on care?” Westpac Leading Conversations in Adelaide

DCM Group CEO Chris Baynes at the latest Westpac Leading Conversations at the Wharf in Adelaide asked “Are you planning to increase your village staffing?” David Moran, CEO of Southern Cross Care SA, NT & VIC; Jenny Hall, CEO of Uniting S...

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Ian Horswill

02 Dec 2024

Community Living

With house prices predicted to fall, New Zealand is a warning to all retirement operators

Sydney and Melbourne property prices are forecast to fall by as much as 5% next year as affordability challenges and no cuts in interest rates hit the property market, according to a new report by SQM Research. SQM Research’s Christopher’s Housing...

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Ian Horswill

02 Dec 2024

Legal Issues

SA retirement village operators hit: Buybacks cut, recurrent charges capped, Code of Conduct, mandated training

The new laws reforming South Australia’s Retirement Villages Act 2016 were passed by the state government last Wednesday evening, imposing required actions. “These changes mark a significant shift in the regulatory landscape, focusing on...

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Ian Horswill

02 Dec 2024

Legal Issues

VIC retirement village operators hit hard: mandatory Code of Practice, standardised contracts, annual checks, refurbishment not chargeable

Minister for Consumer Affairs Gabrielle Williams (pictured) last Wednesday introduced the Retirement Villages Amendment Bill into Victorian Parliament, claiming it gives residents in retirement villages some of the strongest protections in...

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Ian Horswill

02 Dec 2024

Community Living

Record attendance at DCM Institute’s VILLAGE SUMMIT 2024 as sector engages in required staff training

Just announced VIC and SA RV Act changes are making it mandatory for operators to ensure staff undergo training, as part of new codes of conduct, including training before staff start in SA. In NSW, the training of staff has been a required...

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Ian Horswill

02 Dec 2024

Community Living

The two major retirement village operators try to improve brand image

Keyton CEO Nathan Cockerill fronts a video entitled: Exiting a Keyton village, one of the supposed issues brought up by the recent ABC 7.30 programs

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Ian Horswill

02 Dec 2024

Community Living

This is not a retirement village or land lease community — it’s a Build to Rent

The Gladstone, which is South Caroline-based Greystar’s first Build to Rent tower in Australia, has opened its doors with two months’ free rent in Melbourne. The largest apartment manager in the US, with over 726,826 units/beds as of 2023 has...

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Ian Horswill

02 Dec 2024

Mergers & Acquisitions

AVID Property’s owner offers $374M for AVJennings

American real estate giant Proprium Capital Partners wants to add one of Australia’s best-known property development and construction companies to AVID Property. AVID bought all eight of the Puljich family’s Living Gems land lease sites at the...

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Ian Horswill

02 Dec 2024

Development

New entrant has approval to build retirement village with 24/7 care in Port Stephens, NSW

Michael Coddington, the former CEO of Kurri Kurri Community Services, formed Imagining for Good and Building for Good Australia in January this year. He told Port Stephens Council of his plan, which was approved, to turn Tilligerry Plaza at Tanilb...

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Ian Horswill

02 Dec 2024