Raising of billions of dollars in investment funds was prevalent throughout the year. Babcock & Brown, Macquarie, FKP, ING, Prime Trust, AMP and Aevum are just a few that cashed up for acquisitions and development of land banks.
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