The Tuesday SOURCE

Aveo CEO Tony Randello re-elected Retirement Living Council President

Tony Randello will lead the peak body for retirement living for another two years after being appointed President at the organisation’s AGM yesterday.

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Ian Horswill

21 Feb 2025

Community Living

Aspen buys 26ha site in WA and reveals plans as HY25 results show strong growth

The ASX-listed affordable housing group has shown the vociferous demand for its products as it released its HY25 Financial Result on Thursday. Aspen Group’s revenue increased by 20.1% to $50.9 million, and its profit surged by 39.9% to $31.2 million...

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Ian Horswill

21 Feb 2025

Community Living

Stockland’s Halcyon land lease community brand going gangbusters

In the 181 days of the first six months of the year, the diversified property developer’s land lease community brand achieved 248 home settlements (up 60% on 1H24), had 376 contracts on hand and had 273 net sales (up 13% on 2H24) with four...

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Ian Horswill

19 Feb 2025

Development

Amara Cremorne by Pathways’ $87.5M senior living development recommended for approval

Despite the objection of North Sydney Council, who also imposed heritage orders on six buildings in Graeme Skerritt’s development, the State Significant Development is recommended for approval by the NSW Department of Planning, Housing and Infrastructure. The department’s report approving the proposal and its reasons has just been published.

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Ian Horswill

17 Feb 2025

Community Living

Reside Communities to launch development of two new village stages with new offering “soon”

CEO and Co-Founder Glen Brown said the Queensland boutique retirement living business with over 1000 homes built or in the pipeline is gearing up for two launches next month. “Fairway Carindale Stage 2 is being publicly launched to the market in...

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Ian Horswill

17 Feb 2025

Development

‘Halfway house between a retirement village and a nursing home’

Self-described as a new concept, Christian Homes Tasmania wants to “revolutionise” aged care with plans for a $90m development including hotel styled independent living described as “a halfway house between a retirement village and a nursing...

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Ian Horswill

17 Feb 2025

Government Policy

Axe CRA and reform Age Pension asset test threshold: RLC Pre-Budget Submission

In its Budget Submission The Retirement Living Council, in conjunction with Ansell Strategic, wants to help older Australians who are “asset rich, income poor” move more easily into retirement villages. The RLC, which secured $5.2 million over...

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Ian Horswill

18 Feb 2025

Opinion

Are you strategically prepared for the next 5 years given the macro changes rushing towards us?

I have been reporting on the retirement living, home care and residential aged care sectors for 20 years. The future has never been as uncertain as today. With the first wave of Baby Boomers turning 80 this year, demand for ageing service will jump...

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Chris Baynes

18 Feb 2025

Development

Ecove Group propose senior living within the 3 level podium below a further all age 22 levels

An Environmental Impact Statement by Ethos Urban for the proposed 348 home development in Rhodes, 12km west of Sydney’s CBD, has been submitted as part of a State Significant Development. It is classified as a mixed-use development comprising seven...

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Ian Horswill

17 Feb 2025

Government Policy

Hospital in the Home in retirement villages pilot: Ageing Australia’s Pre-Budget submission

Ageing Australia’s Pre-Budget submission

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Ian Horswill

17 Feb 2025

Mergers & Acquisitions

Oxford Properties Group tipped to vie for $3B+ retirement village operator Aveo

Oxford is part of the Canadian global pension investor OMERs, and has reportedly made an offer for the Brookfield-owned retirement village operator. Oxford is also behind the Indi Build to Rent brand in Melbourne and Sydney and has a 50% stake in...

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Ian Horswill

17 Feb 2025

Community Living

Only in SATURDAY: $200K to refurbish a village unit? It’s happening

Jolyon Good (pictured above), who has been operating Good Constructions with his wife Jayne, entered the retirement village sector six years ago. Today, refurbishing ageing villages makes up the majority of their business which has now expanded from...

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Ian Horswill

17 Feb 2025

Community Living

Serenitas has development pipeline of 2,300 land lease homes, reports Mirvac

In announcing its 1H25 financial result on Friday, the Mirvac’s CEO Cambell Hannan said “Our land lease business has grown by 15% to over 7,000 lots since our initial acquisition 12 months ago and is well placed to capture demand in this...

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Ian Horswill

17 Feb 2025