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Two neighbours in a retirement village located in rural Dungog were drowned in the flash storm that struck coastal NSW last week. Over 300mm fell on Dungog in 24 hours.
Listed rental retirement village operator Eureka has announced the purchase of an 80 unit rental village in Lismore (NSW) for $4M, which they forecast will generate annual revenue of $1.2 million and a net (EBITDA) return of $600,000p.a. This equates to a cost of $50,000 per 47sqm rental unit.
Maintaining the rate of at least one house fire every two months in a retirement village, a faulty electric blanket caused a fire in South Australia last week. It occurred at midnight with the female resident escaping unharmed.
Robin Levison, chairman of Eureka Group holdings, explains the rental village business model and the retirement village business model at the Leaders Summit.
Four years after his appointment as CEO of the Royal District Nursing Service (RDNS) with a mandate for change, Steve Muggleton says his job is done and is moving to another as yet unnamed CEO position in the care sector.
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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.