Few people in Australia realize that BUPA is a major operator of retirement villages in New Zealand, currently with 22 villages. It has just announced its plans to build another village in Upper Riccarton, a suburb of Christchurch. Valued at $45 million and located on 2.8 ha it will have ILUs for 60 to 80 people plus and aged care facility for 100 people. In earthquake prone Christchurch, it will be three stories high. The question is when will BUPA commence village development in Australia?
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