In a few short weeks Stockland has successfully raised up to $1.98 billion through new stock issues. This gives them the funds to carry through with the acquisition of the Aveo village business from FKP, which has been on the cards since August last year. They have not formally signal their intentions but retain their seat on the FKP board.
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