Melbourne boutique investment bank Kidder Williams bought control of Prime Trust last year. A subsidiary of Kidder Communities will now start a new company to manage the 12 rental villagers that Prime Trust took back from the original Village Life group (now called Fig Tree). This will be particularly challenging given the historic tight margins of the rental model combined with falling occupancy levels of some Prime Trust rental villages.
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18,650 social and affordable homes funded as 370 homes set for repurpose
The Australian Government’s flagship Housing Australia Future Fund (HAFF) has agreed to fund 9,284 social and 9,366 affordable homes through 279 successful projects under the first two funding rounds of the HAFF and National Housing Accord Facility...