The majors are in the box seat to buy up individual villages as the small, new buyers
have dried up. Paul Moschione, National Director at Colliers feels that discount rates
have softened by 50 to 100 basis points. Like any cycle, buyers dry up. I have heard of
a number of sales that have fallen through since before Christmas. He too thinks its a
good time to be buying. At the same time Peter McMullen of Jones Lang LaSalle says
The market has softened; its a good time to buy in because the cash flows of villages
have not changed and are sustainable for 25-30 years.
Opinion
RIP: We are seeing the death of the family-run aged care operator
It feels like I am writing an obituary to family-run aged care facilities. Once the backbone of the sector, multi-generation operators are now selling out at a pace not seen before. The sell-off is accelerating, with three landmark deals in just two...
