The NFPs didnt have speakers giving figures but there was plenty of talk in the corridors,
acknowledging they have more villages than the private sector and are just as aggressive, with
the likes of Blue Care from Queensland with 14 projects on the go, Salvation Army with several
big projects, Southern Cross building in every state (separately) and so on.
Regular comments were made that the NFPs have some significant competitive advantages.
They dont pay tax, dont pay GST on construction, their staff can get a tax free kick of up to
$15,000 a year and they get land at times on preferential deals
Retirement living for the “well-heeled”: Residents begin to move into Retirement by Moran’s second venture: Sage in Cronulla
Shane Moran, the Founder and Chief Executive of Retirement by Moran, concedes admission to his residences is “not inexpensive”. Sage is an eight-storey development of 37 two- and three-bedroom apartments. The art-deco- meets-coastal-chic...