Sector Expert Partners

The answer every retirement village operator has to prepare for the children of village residents: Westpac Conversations at the Wharf

Jul 09 2024 Updated July 9, 2024

Ian Horswill

1 min read

Hear Daniel Aitchison, CEO of Palm Lake Care; Sean Graham, CEO of retirement village operator Aura Holdings; Jason Eldering, CEO of Southern Cross Care Queensland (pictured right); Kaizaad Mehta, and Adam Crombie (pictured left), Relationship Director, Westpac Healthcare, answer the following questions from DCM Group CEO Chris Baynes in Brisbane:

Is care an expectation by retirement village residents?

Are retirement villages becoming the default low care?

Check their responses:

False expectations and false hope: can villages deliver on the low care value proposition?

Village operators openly and willingly tell us that retirement villages are now the new ‘low care’. But after weeks of discussion with residents (pictured below), operators and key care providers, we have come to the conclusion that the...

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Chris Baynes

16 Jul 2024

Community Living

Mergers & Acquisitions

Levande buying two more development sites in a $2B pipeline spend

Levande was created when Sweden’s EQT bought Stockland’s 58 retirement villages in February 2022. It is emerging as the largest new village builder in the sector. “We want to be building 400-500 independent living units annually within the next...

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Ian Horswill

16 Jul 2024

Development

TriCare moves from Over 75 age entry to open ended 3.5% p.a. DMF – max now 98%

In November last year, private retirement village and aged care operator TriCare stated its villages were only for people aged over 75 years, with the average age in its nine villages at 84. However they have returned to an Over 65 age stipulation...

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Ian Horswill

08 Jul 2024

Aged Care

Aged care home operators chalk up fifth year of losses: StewartBrown

Residential aged care’s profitability improved in the March 2024 quarter, according to the latest Aged Care Financial Performance Survey Sector Report from StewartBrown. However, the improved results are due to increased Government funding for care...

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Caroline Egan

08 Jul 2024

80th Issue of SATURDAY: False expectations and false hope

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The crisis needs a Minister dedicated solely to Aged Care

The Minister for Aged Care and Sport Anika Wells has a difficult juggling act. On the one hand she is the Minister for Aged Care - the Government’s fourth largest expense at an estimated $36.2 billion in 2024-25 and rising as a percentage of gross...

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Aged Care Minister Anika Wells visits NewDirection Care’s MICRO TOWN®

The Minister for Aged Care Anika Wells visited NewDirection Care’s MICRO TOWN® last week in Bellmere, 53km north of Brisbane, in the Minister’s home state of Queensland. “The residents and our team were delighted to have the opportunity to...

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Kiama Council sells Blue Haven Bonaira for $95M to Hall & Prior but banks only $26M

Kiama Municipal Council and Perth-based family owned Hall & Prior Aged Care have exchanged contracts for the sale of the Council’s Blue Haven Bonaira aged care home and Independent Living Units (ILU), with settlement set for 1 November 2024. The...

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Caroline Egan

18 Jul 2024