The First Homeowner's Grant is dead. Mr.Rudd has formally ruled out the extension of the grant beyond June 30, saying all good things must come to an end.
Villages will be seeing the impact immediately because banks are struggling to handle the volume of applications and those being received from now on are unlikely to be approved by June 30. The Commonwealth Bank reports half its applications have errors and needed reworking; in Queensland 90% are incorrect. This will end the rush to buying retirees homes, which will affect village sales.
Opinion
RIP: We are seeing the death of the family-run aged care operator
It feels like I am writing an obituary to family-run aged care facilities. Once the backbone of the sector, multi-generation operators are now selling out at a pace not seen before. The sell-off is accelerating, with three landmark deals in just two...
