Villages Info Centre

Australia joins the United Kingdom, Malta, South Africa and other countries on Friday 17 June 2016 for International Aged Care Open Day. The idea is to promote and showcase local aged care facilities and the positive work done by the staff. ACSA CEO John Kelly says “ACSA Open Day is about connecting people and connecting services.

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Australia’s aged care workforce has to double over the next 10 years from 300,000 to 600,000 or more people. At the same time the National Disability Insurance Scheme will be implemented, forecast to require a further 300,000 workers. It’s not going to happen.

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At the LEADERS SUMMIT it was discussed that the modern apartment building is the real challenge to retirement villages. To prove our point, the Knox Leader, a local Melbourne newspaper, gave an extensive article last week to Norma and David Trill who have bought into the Kubix apartments tower. They “opted for a two-bedroom apartment after deciding there were too young for a retirement village”.

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Luke Grieve, National Operations Manager - Aged and Community Care for Telstra Health, questions whether retirement villages will be relevant in the future.

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If you want a better understanding of who is buying who, why they are buying and the valuations they are paying, you should make contact with Russell Allison at Knight Frank. He has just released a 20 page report on the transactions made in the retirement village and aged care sectors across 2014 and 2015 and it’s available for free.

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