Village Life taps into new sector
Village Life has tapped into what it claims is a new direct property sector.
The group is building retirement villages around the country, and offering units to investors who will then earn rental income. One village has already opened in the Brisbane suburb of Capalaba and is fully occupied. More villages will open in NSW and Victoria in the near future, with other states to follow.
Village Life has tapped into what it claims is a new direct property sector.
The group is building retirement villages around the country, and offering units to investors who will then earn rental income. One village has already opened in the Brisbane suburb of Capalaba and is fully occupied. More villages will open in NSW and Victoria in the near future, with other states to follow.
says the waiting lists have so far "outstripped unit availability".
The investment is being marketed by Village Life in conjunction with Pacific Eastcoast to about 700 advisers. So far, there are no plans made to offer the investment direct.
"This type of investment is particularly attractive to the private investor be-cause the price tag of up to $90,000 for the units is a fairly low entry one for the direct property market," says Village Life chairman Neville Blunt.
Both Blunt and Pacific Eastcoast NSW general manager Maree Thomas say the scheme also provides an ethical investment in the direct property market, appealing to young investors and the families of retirees moving into the villages.
Village Life estimates investors will receive a net return of between 6 and 6.5 per cent for the investment, with possible significant tax benefits including first year depreciation.
Recommended for you
Financial Services Minister, Stephen Jones, has assured the cost and time to enter the financial advice profession will soon be halved, as shadow treasurer Angus Taylor pledges to reach 30,000 advisers.
The positive results of the latest financial adviser exam have helped the advice profession reach 15,600 yet again, according to Wealth Data analysis.
Financial advice firms have told Adviser Ratings they are planning to increase their compliance spend by almost a third, including on enhancements to their cyber security which ASIC has identified as an enforcement priority.
The digital advice platform is officially launching into the financial advice sector, offering up its services to practices as a means of engaging with the next generation of clients.
