LLPs report to institutional investors revealed its sales had declined from 818 ILUs in financial year 2008 to 668 ILUs to June 2009, a drop of just 18%. This compares with reports of up to 40% drop in sales for other operators. In fact their resales have increased from 35 per month in 2008 to 40 per month this financial year with an average sale rate of $298,000, a 10% price growth.
Opinion
RIP: We are seeing the death of the family-run aged care operator
It feels like I am writing an obituary to family-run aged care facilities. Once the backbone of the sector, multi-generation operators are now selling out at a pace not seen before. The sell-off is accelerating, with three landmark deals in just two...
