Big need, big money: Macquarie Group’s entry into the land lease sector, developing affordably priced housing for downsizing over-50s, gives global institutions a new way to invest in Australia’s deep housing shortage. #propertydevelopment #landlease The Australian Financial Review https://lnkd.in/g8FecquZ
It’s great to see development in this space but the retirement community sector has come under scrutiny for complexity in land lease contracts with some providers reported in this same broadsheet particularly excessively high exit fees and harsh contract terms so let’s hope the sector gets this right over time to give consumers confidence to make the choice.
Andrea Sharam
1mo
The model is dependent on Commonwealth Rentsl Assistance for the lease component. We need to question whether CRA should be exploited in this way. After all that subsidy is supporting lifestyle amenities not just housing
Managing Partner at Spartan Partners
1moMichael Bleby exactly what would be "affordable" in the scheme? If Macquarie is involved and they have raised funds - I guarantee that nothing within their prospectus references low priced products to which yields a low return. The opposite will be true, I guarantee the prospectus contains lots of information that forecasts very strong returns - and thus unsure how they would be able to use the word "affordable".