Selling all these new ILUs plus the refurbished existing stock (3,000 ILUs p.a.) at the right price
($400,000+ seemed to be the benchmark) was again a major topic of discussion, on top of the
still poorly explained DMF structure which there was no sign of a willingness to change.
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...
