Aspen Announces 1H FY24 Results
We are thrilled to announce that Aspen’s operating and financial results have exceeded expectations for 1H FY24.
This success is a testament to the continued strong demand for Aspen’s quality accommodation offerings, and despite the challenges presented by the current economic climate, our commitment to excellence and customer satisfaction has allowed us to thrive.
Click here to read the Results Announcement.
Aspen Group Features in A-REIT 2023 Survey
Aspen Group is excited to share its inclusion in the A-REIT 2023 Survey, securing a 2nd rank overall due to our strong performance during FY23.
This is a testament to our developments, as we have remained resilient amidst recent challenges in the construction industry. In conjunction with the current robust housing market and economy, it has enabled us to hold a strong financial position over this period.
- 12% increase in NTA
- 24% one-year return
- 97% three-year return
Click here to read the full survey.
Aspen purchases WA lifestyle community in Boyanup
Aspen Group (ASX: APZ) (‘‘Aspen’’) is pleased to announce that it has entered into a conditional contract to acquire the Meadowbrooke Lifestyle Estate (‘‘Meadowbrooke’’) in Boyanup, Western Australia under a receivership sale. Settlement is expected to occur in December 2021. Read the latest acquisition announcement here.
Aspen announces it’s Q1 Results
Recently Aspen released their latest Q1 results for this financial year. The next quarter is sure to bring further fantastic results across all property platforms. To find out more information about these results take a look at our latest Q1 update.
The difference between a Retirement Village and Land Lease Community
There are fundamental differences between a Retirement Village and a Land Lease Community. Aspen currently own 7 lifestyle communities across Australia. Most of these only contain Land Lease homes however some of our communities have a mix.
A Land Lease Community:
- no stamp duty fees
- you own your own home keeping 100% of any capital gains
- as you lease the land there is a more affordable upfront price point
- your new home is part of your estate as a willable asset
- where eligible, the site fees may be covered by government rent assistance (note there is a weekly site fee for LLCs)
- no council rates
- no exit fees or DMF on exit
Whereas a Retirement Village has the following:
- Weekly management fee
- Deferred management fees