The Stockland Annual Investor briefing shows that Stockland now holds $2.5 billion in operating villages plus $253 million in villages under development. Over the past 12 months they have spent another $30 million in village purchases. After resident obligations (deduction of the value of lease funds) the net investment by Stockland is $1.13 billion.
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