While much of the care industry is retreating from providing new high and low care, Aevum sees increasing profits. They state there site only (i.e. no corporate overheads) EBITDA profit per bed as $8,984 for high care and $11,412 for low care, and were also claiming that they anticipate further improvement in earning performance with the new ACFI payment scheme.
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