A small number of residents at Riverdale Gardens village in Berri (SA) have been caught out because of their understanding that their village was registered under the Retirement Villages Act when it was not. It is alleged that after the withdrawal of support by Westpac the development stalled and residents demanded deposits returned. Paul Capper, who represents the group of investors in the development, claims to have personally offered to repay a significant portion of the deposits but some residents have refused by way of a letter from solicitors. Westpac had a loan of $600,000 against the developers funding of $1.2 million.
The Weekly SOURCE
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...