Greg Paramor has joined the board of the boutique property fund manager, Knight Capital Group in Perth, which has invested and manages a stable of three tourist/home parks: FreeSpirit Resort (Darwin), Fraser Lodge (Hervey Bay) and Blue Dolphin Holiday Resort (Yamba). FreeSpirit Resort and Fraser Lodge were formally Mirvac controlled parks up to 2009 which Paramor was then CEO. He has returned to the projects, indicating his commitment to the sector. Paramor was a co-founder of Growth Equities Mutual and a past president of the Property Council.
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