House prices are slowing and several indicators are telling us that owner occupier sales could stall, which will hit ILU sales. Six consecutive interest rate rises will flow through to demand and house prices this winter quarter. Housing finance for owner occupiers has fallen steeply. The average number of occupants has reportedly increased from 1.6 to 1.8 people per dwelling - equating to a 10% of homes being made vacant. Banks are reporting that investors dominate buyers, not homeowners. All this is making banks nervous about values.
Exclusive: Aveo to sell off its retirement villages in South Australia and Tasmania
Tony Randello, CEO of the nation’s leading retirement village provider, said the impending sale of its 16 retirement villages in South Australia and Tasmania “aligns with Aveo’s regular strategic review of opportunities across its portfolio”. The...