This week the WA Legislative Council approved the introduction of three month limits to recurrent charges (weekly fees) after a resident leaves a village for all new contracts and six months for existing contracts. This is the most aggressive impost on operators nationally; in NSW its nine months for instance. So an operator with ten vacant ILUs at $100 per week will be paying $1,000 per week subsidy to village operations. Historically other states follow new consumer affairs initiatives such as this. The legislation still has to pass the WA Lower House, expected by Christmas.
Don’t understand housing supply? Read these two excellent reports
Last week our Content Editor, Ian Horswill, walked up to me and said “you must read this report”. He was right, and it was very sobering. Titled ‘Rental Affordability Snapshot 2024’, published by Anglicare Australia, it broke down how many...