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The largest residential home builder in the Newcastle region, north of Sydney, Yarrum Designer Homes, has formed Yarrum Living to aggressively build a retirement village portfolio. They state they will build a new village every two years across the Eastern Seaboard for the next decade.
Ex-RetireAustralia CEO Tim Russell is believed to be finalising his re-entry to the village sector with both an equity partner and projects in place. His colleague of eight years Mark Taylor will likely be joining him.
The large American mobile home park operator Hometown America is believed to be surveying WA’s National Lifestyle Villages with the idea it will buy out Blackstone, the US private equity giant that owns the cash flow rights to NLV’s nine communities.
The fallout from the aged care stock crash could have big implications for the retirement village sector unless carefully managed.
Hobart retirement village residents are threatening the Clarence City Council with legal action if the move goes ahead. Previously, the area’s Not For Profits were exempt from paying rates on each home.
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