The Australian senior’s landscape is changing at a rapid pace driven by a mix of lifestyle, wealth, care needs and of course the retiring baby boomers.
Increasingly, retirees are looking at alternative accommodation models to the traditional retirement village. Hence the popularity and the corporatisation of the Land Lease Communities (‘LLC’) sector (formerly Manufactured Housing Estates – MHE) has risen significantly in recent years.
As a result, assessing and valuing the sector has some particular nuances. The Land Lease Community Rating System (LLCRS) creates a simple but effective view of a Community and allows a comprehensive understanding of how it should perform in the market compared with its competition.
Utilising the LLCRS ensures a consistent approach and provides a nexus between the analysis of market transactions and the application of appropriate valuation methods.
Increasingly, retirees are looking at alternative accommodation models to the traditional retirement village. Hence the popularity and the corporatisation of the Land Lease Communities (‘LLC’) sector (formerly Manufactured Housing Estates – MHE) has risen significantly in recent years.
As a result, assessing and valuing the sector has some particular nuances. The Land Lease Community Rating System (LLCRS) creates a simple but effective view of a Community and allows a comprehensive understanding of how it should perform in the market compared with its competition.
Utilising the LLCRS ensures a consistent approach and provides a nexus between the analysis of market transactions and the application of appropriate valuation methods.
