The 84 year old owner of Lavender Village, a home park in Highton (Geelong) is closing the 18 lot village on 1 hectare of land rather than go into debt to pay for safety measures. Residents have been told to move their homes by December 2013 or lose them, including residents who have bought in the past 5 months. With life savings used to pay around $105,000, the homes are quoted to be worth now around $65,000. Rent is $100 per week.
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...
