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Geoff Grady’s Aveo Retirement EBITDA profit has increased by $8M from $45M to $53M in the past 12 months.
Exactly 12 months ago the founding editor of Business Spectator, Alana Kohler, said for the retirement village sector to be successful: “they need to be regulated properly before that happens”.
The respected head of Aveo’s Retirement Division, Alison Quinn, is to join RetireAustralia as CEO in January.
The following letter appeared in the Sydney Morning Herald. Thank you Ken Hutchings for making the effort and presenting a balanced view on retirement villages
Eureka Communities, the remnants of the old SunnyCove and Village Life rental retirement villages portfolios, has well and truly turned the ship around from its accumulated losses that exceeded $40 million.
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Our fortnightly newsletter brings you all the tips and tricks you need for a successful retirement, covering everything from finances and property, to health and happiness. Get prepared and sign up here.