On Monday Ingenia purchased The Grange Village at Morisset with 145 homes plus 30-40 development sites for $10M, and on Wednesday they purchased nearby Ettalong Holiday Village with 85 existing units and space for 28 more. Purchase price $2.1M. At the same time Ingenias Tony Massaro finalised the acquisition of a third village form Mike Bozells rental village group, this one in Tamworth.
As part of their Half Year results Ingenia revealed it had conducted external valuations of 18 of its villages. Its rental villages were devalued by 1.3% and their DMF villages, which are located mainly in QLD and WA, had valuations reduced by 5.4%. Are valuers in touch with increasing sales?
Peak bodies outcry over Aged Care Taskforce silence: ‘no excuse for delay’
Catholic Health Australia, the peak body representing 350 Catholic Not For Profit aged care facilities, said there “is no excuse for delay” in the reform of aged care by adoption of the Aged Care Taskforce recommendations. “It’s been six months...