The largest pure retirement village operator, Aevum, predicted at its Annual General Meeting
last week that its net profit after tax for 2009 will decline from this years $28.5 million by
10 to 20 percent, based on the housing market not sinking further. It should be noted that
Aevums 2008 net profit was up 24 percent on 2007.
Legal Issues
VCAT rules Lifestyle Communities’ DMF model illegal
Lifestyle Communities’ business model is under serious threat after a ruling by VCAT President Justice Ted Woodward found its exit fee structure to be illegal. The ASX-listed land lease operator, which was valued at $861.9 million and placed in...
