As part of the sharemarket cash raising aveo revealed its future projections for its 80 villages, covering 10,200 ILUs. 2008/9 capital growth in value of ILUs sold was 6%, but 5% is predicted to 2009/10. Their estimated discount rate has eased 1% to 12.5% in 2008/9. And they assume the next generation of residents will be older, with an average ILU tenure of just nine years and serviced apartments four years (considerably down from their current valuation model of 11.4 years and 5.4 years respectively).
A first: residents petition council wanting an over-55s retirement community
A petition signed by more than 100 people within four days in Bannockburn, 88km southeast of Melbourne’s CBD, demanding a lifestyle village was raised at Golden Plains Shire’s council meeting. “We would like to ask our elected council to encourage...