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Hobart retirement village residents are threatening the Clarence City Council with legal action if the move goes ahead. Previously, the area’s Not For Profits were exempt from paying rates on each home.
Ann-Maree Ruffles brings over 30 years of experience to her new role at the practice, which includes 20 years running her own business designing luxury homes, multi-residential apartments and disability housing.
DPS Publishing has restructured and sold just over 40% of its equity to an Adelaide private equity group. All up ten investors have kicked the bucket plus a Commonwealth Bank loan facility has been taken out. The seller is David Baker and related structures.
After more than 10 years losing buckets of cash and several group name changes, Eureka rental villages has struck a big profit making formula, allowing it to capitalise on these (tax) losses.
The country’s third largest retirement village operator, Stockland, has announced it sold over 1,000 homes in the 12 months to June 2015. This included 297 new homes it delivered, the largest of any operator by a factor of about 100%. (Average price $509K, up 23% on FY15).
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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.
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