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Hometown Australia, the Australian arm of Hometown America, is very active in the land lease sector.
Expect a rapid growth in Stockland’s land lease portfolio as it points to “future year margins to increase due to price growth, increasing scale and management fees, tempered by upward cost pressures”.
It was 12 years ago that Bill and Imelda Roche purchased a 1.5 hectare parcel of land from Greater Taree City Council to develop a retirement living community on the site at Harrington.
Land lease operator Ingenia Communities has informed the ASX that new home construction has been hit by continuing supply chain challenges, shortages of skilled labour and adverse weather.
The sale of a further 24.9% of its retirement village portfolio has not pacified an influential Lendlease shareholder activist.
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