Two reports came out this week that should help sales in the village sector. The first by the
stock market analysts Mercer, indicates that the sharemarket has bottomed after the ASX 200
index lost 20.2% for the year ended June. They predict the share and superannuation market
will either be flat or improve going forward. At the same time the Westpac - Melbourne
Institute index of consumer confidence rose 23% over the past two months to its highest
level since December 2007. In addition new housing loans in May achieved a 16 month high.
Village sales enquiry reports are supporting a new optimism backing in these figures.
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...
