The Melbourne based but Perth funded developer of Carnegie Cove, Australian Retirement Group, is in receivership with Ernst & Young. The 400ha project has been stalled for at least 4 years in part due to inadequate sewerage and water services being available in its Bonny Hills area of Port Macquarie. It goes to auction this weekend. There is development approval for 104 ILUs.
ATO plans to charge GST on manufactured home parks scrapped
A concerted effort by the Residents Association of manufactured home parks has headed off the ATO which had planned to impose GST in mobile homes. This would have added 10% to the cost of the purchase of a home