2012 was a flat year for village and care transactions.
The major real estate firms reported 6 to 8 transactions each, except Colliers which had around 15 properties excluding the Innovative Care portfolio. Not many when you consider there are 5,500 properties spread across aged care and villages nationally.
Some believe that Bupa’s Innovative Care purchase will have broken the ice and generate more transactions in aged care. The Domain Principal Group is also up for sale, plus Japara has been close over the past 18 months.
With villages, the valuers state the market will be flat given the strain on liquidity.
Same same in other words.