Canberra's retirement and aged care operators would be hit with a tax of up to $20,000 a bed by the ACT Government if the recommendations of a Treasury-ordered report are adopted. Recommendations are for a charge of $40,000 to allow each retirement village unit to be built, $20,000 for a new nursing home bed, and $10,000 each for new child-care places.
The Weekly SOURCE
Meet the main client of Eureka’s all-age communities: retirees
In an investor strategy and market update, Managing Director and CEO Simon Owen said around 60% of residents in Eureka’s growing all-age rental communities are retirees – predominantly singles and couples – who stay long term with low turnover.