Bectons retirement business brought strong results according to their report to the ASX. They reported 199 sales for the year ($50.2 million in new sales and $54.17 million in re-sales) which is an average of 16.5 sales per month. In the previous corresponding period they reported an average of 12.1 sales per month or 121 sales (new sales ad re-sales totalling $57.6 million. First time sales also increase Bectons dwellings under management to 991.
Think big. Think care campuses.
The gnarly problem: the lack of new ageing accommodation infrastructure over 20 years has hit the Baby Boomer demand bubble. Bad outcomes for old people are accelerating. Planning approval hurdles are cited as the root cause. Delay and bureaucratic...