A couple of discussions this week that reflect the kick start of village sales. Talking with Roy Crombie, the manager at Southern Cross Care QLDs Noosa Waters village, he tells me that in the last 12 months he has sold 14 ILUs and has a waiting list, while in the previous 12 months he sold just two ILUs. Karen Mattingley (pictured) tells us that in the past six weeks she has sold 10 ILUs at up market The Landings (in Sydney) six resales and four new ILUs at an average of $750K each.
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...