The Albury Council went out of its way to make sure developers did not have to face the uncertainty of an auction to buy land for a village and aged care facility. The Council bought the land for both facilities from the Albury-Wodonga Corporation and then immediately on sold them to the developer at cost. They will now be integral to a $65 million development in the small township of Thurgoona, just northeast of Albury.
Would you invest in a business with zero margin?
The latest AN-ACC prices and weightings, released late last Friday, confirmed what many feared: after an initial uplift, the clawback has begun. Operators who saw gains since AN-ACC’s 2023 launch now face funding being stripped back.