Obviously commenced years before the new aged care funding crisis, BUPA has just opened a 144 bed in Bankstown, one of Sydneys heartland working/middle class suburbs. Built on the old Yagoona Bowling Club site it is a $30 million investment an average of $208,000 per bed. Most private operators are saying they will cease all building going forward because of government induced bank funding uncertainty.
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