The First Homeowner's Grant is dead. Mr.Rudd has formally ruled out the extension of the grant beyond June 30, saying all good things must come to an end.
Villages will be seeing the impact immediately because banks are struggling to handle the volume of applications and those being received from now on are unlikely to be approved by June 30. The Commonwealth Bank reports half its applications have errors and needed reworking; in Queensland 90% are incorrect. This will end the rush to buying retirees homes, which will affect village sales.
Acquisitions
Exclusive: Aveo to sell off its retirement villages in South Australia and Tasmania
Tony Randello, CEO of the nation’s leading retirement village provider, said the impending sale of its 16 retirement villages in South Australia and Tasmania “aligns with Aveo’s regular strategic review of opportunities across its portfolio”. The...
