Oceania Healthcare'a annual profit climbed 72 percent, largely on property revaluation gains, and the aged care operator plans to accelerate new developments as it benefits from strong resale margins and new retirement village unit sales.
Summerset Group said first-half profit rose as much as 26 percent as stronger development margins made up for a lower volume of new sales.
Metlifecare will build a $180 million retirement village in Auckland’s Beachlands, one of the ‘greenfield’ sites the industry has been busy sewing up in the past 12 months.
In today's email we watch National double down on their claim of a $11.7 billion hole in Labour's fiscal plan and throw threats of a land tax into the mix.
Well that seemed to escalate quickly.
For the convenience of subscribers, here's my weekend column in which I argue it's time to think about how a million retiring KiwiSavers could either blow or sensibly use their NZ$100,000 pots when they retire.