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Developers allay fears of any flooding issues as work set to start on the clubhouse for the over 50s community housing estate featuring a gym, pool and theatre.
Thousands of mostly senior Australians have moved into ‘land lease’ estates, where they own their physical home and pay a site fee. Investors are following the demographics.
Property giant Mirvac will buy 27 land lease communities – where the home is owned but the land is rented – moving into the growing affordable housing market.
Fresh from its successful activist shareholder campaign against Boral, John Wylie’s Tanarra Capital is putting the heat on Lendlease to accelerate its transformation program.
Redcape Hotel Group (ASX:RDC) is announcing the results from the share buyback the company is carrying out ahead of its planned delisting.