It is not widely understood in Australia that New Zealand has a significantly stronger village market than here (together with larger DMFs). Their housing market has suffered a bigger collapse than Australia, resulting in for the first time a large number of villages with vacancies. Statistics on the ElderNet website, which lists vacancies at retirement villages, reveals 51 of 64 villages in Auckland have vacancies, plus 31 out of 50 in the Waikato, 44 out of 81 in Canterbury and 17 out of 30 in the Bay of Plenty.
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Thinking of rescuing a collapsing aged care home? Expect to pay $50K to $1.5M to get the deal done
As ACCC merger reform collides with a shifting transfer system, saving an aged care home could soon cost operators months in delays and hundreds of thousands in filing fees before a single resident moves. Two big obstacles have been added to helping...