A Housing NSW eight storey seniors development in Wollongong will be ready by September, on time and on budget. Earmarked as seniors housing, the $17m project had to be scaled back after public protest over the scale of the buildings proposed. The site was bought by the NSW Land and Housing Corporation in November 2009 for $2.94 million, almost $1 million more than Sienna Investments paid for the site in 2002.
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