Investors overwhelmingly vote ‘yes’ to listing the Australian Unity Office Fund

From

Investors in the Australian Unity Office Property Fund voted overwhelmingly in favour of the proposal to list the Fund on the Australian Securities Exchange (ASX) at a meeting in Melbourne last Friday. Of those who voted, more than 99 per cent voted in favour of all the resolutions to give effect to the listing. The […]

continue reading

Casting mortgages in a new light

From

Contributory mortgage funds have addressed the problems which have affected the pooled mortgage funds of the past, and offer excellent income opportunities for investors, said Roy Prasad, head of mortgages at Australian Unity. A contributory mortgage is when one or more people contribute, as lenders, to the loan. Rather than having all investors registered on […]

continue reading

Australian Unity welcomes a mutual approach to delivering public services

From

Welcoming the launch of the Business Council of Cooperatives and Mutuals’ white paper: Public Service Mutuals: a third way for delivering public services in Australia, Group Executive Kimina Lyall said the inherent characteristics of mutual organisations—focused on returning profits to improve services for members—make them ideally suited to deliver public services. Mutual companies such as Australian […]

continue reading

Healthcare property continues to show value

From

The Australian Unity Healthcare Property Trust (HPT) has acquired the Brisbane Waters Private Hospital on the New South Wales Central Coast for $16.175 million. The property is forecast to deliver a yield of 9.27 percent in its first year with the potential to add additional value through brownfield development, says Chris Smith, Australian Unity’s head […]

continue reading

Acquisition pushes HPT FUM over $500 million

From

The Australian Unity Healthcare Property Trust (HPT) will shoot through the $500 million in funds under management mark, with the acquisition of a medical technology facility at 8 Herbert Street, St Leonards, New South Wales for $38.5 million, says Chris Smith, Australian Unity’s head of healthcare and retirement property funds. HPT is an unlisted property […]

continue reading

New platform adds benefits for both investors and advisers

From

Four financial services industry experts have partnered with Australian Unity to launch a new investment platform, Federation Managed Accounts. The company that provides the new platform is Federation Alliance, which has been formed by industry experts John Morrison, Stephen Reed, Jan Morrison and John (Monty) Grainger, in partnership with Australian Unity. The platform’s fees and […]

continue reading

Have conversations about aged care sooner rather than later

From

Unpalatable as it may be, clients should be encouraged to have sensitive discussions with their families about aged care needs sooner rather than later if they want to avoid potential conflict and distress, as well as financial problems, says Derek McMillan, CEO of Retirement Living at Australian Unity. “Our rapidly ageing population, increasing life expectancy, […]

continue reading

Opportunity for advisers to show value of their advice

From

The current market environment gives advisers a special opportunity to show their worth to clients, says Damen Purcell, head of retail distribution at Australian Unity Investments. “After three or four years of most clients being unwilling to do anything but put their money into cash, things are starting to change, and there is increasing interest […]

continue reading

Australian Unity Group revenue up in challenging environment

From

Financial services, healthcare and retirement living company Australian Unity Limited (Australian Unity) has reported revenues of $1.12 billion for the year ending 30 June 2012, an increase of 10 percent over the previous year.  The Group’s operating earnings were $34.6 million, up eight percent, a result that included substantial costs associated with responding to the […]

continue reading

Big Sky Credit Union members vote in favour of joining Australian Unity

From

At a General Meeting held on Thursday 23 February 2012, members of Big Sky Credit Union Limited approved a proposal to transfer the Big Sky Credit Union business to a wholly-owned subsidiary of Australian Unity Limited – Lifeplan Australia Building Society Limited.  As a result, subject to regulatory approval, Big Sky Credit Union’s business will […]

continue reading