Simon Owens Ingenia continues its manufactured Home Estate expansion by acquisition. It has finalised the purchase of the OK Caravan Park at Rouse Hill, 45 kl North West of the CBD. Ingenia paid $6.8M which delivers 120 permanent homes and 10 short term sites. Development potential exists for 2 more sites.
The ingoing yield is reported at 8.7% and IRR of 15%.
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...