Developer, fund manager and village operator, Perths Aspen Group, has bucked the negative trend of big property revaluations by announcing just a 3.1% negative revaluation over 12 months. They have just completed their Karratha village, valued at $41 million, plus moving into Stage Two of recently acquired Sovereign Gardens in Ballina (NSW). Interestingly Southern Cross Care has engaged Aspen to build its new Sunlander Village at Currambine, a mix of apartments, villas and terraced housing.
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