A significant attraction of existing MHEs is the low-cost and access to redevelopment stock.
Ingenia has a strategy to buy back and recycle sites in their estates, most commonly occupied by permanent caravans. The sites range from $5000 to $40,000. They then presell a home for the site. Ingenia then orders it from the factory which takes 6 to 8 weeks to manufacture, followed by 3 to 4 weeks to install total 12 weeks.
Managing the cash, Ingenia obtains a deposit and payment terms for the manufacture of the home.
Through the journey Ingenia will have carried the site costs for say six months, building costs for two months and civics for two months.
Summarised, they receive their full development profit with their cash exposed for an average of four months plus they receive immediate site rental annuity ongoing from day of occupancy.
Peak bodies outcry over Aged Care Taskforce silence: ‘no excuse for delay’
Catholic Health Australia, the peak body representing 350 Catholic Not For Profit aged care facilities, said there “is no excuse for delay” in the reform of aged care by adoption of the Aged Care Taskforce recommendations. “It’s been six months...