How to value retirement property

‘Prime Trust is a robust and well-established player in the retirement market ... Our focus is long-term asset ownership and we know that requires patient and diligent management of capital.’ So said the chairman of Prime Retirement and Aged Care Property Trust in his introductory letter to the trust's glossy 2007 prospectus.'Robust', 'well-established', 'long-term', 'patient' and 'diligent' ... and three years later, the trust was calling in the administrators.Investing in retirement property seemed so promising. Australia’s ageing population appeared to guarantee as much. At least, that’s what many thought. Favourable demographic trends spurred a boom in retirement living in the 2000s....

‘Prime Trust is a robust and well-established player in the retirement market ... Our focus is long-term asset ownership and we know that requires patient and diligent management of capital.’ So said the chairman of Prime Retirement and Aged Care Property Trust in his introductory letter to the trust's glossy 2007 prospectus.

'Robust', 'well-established', 'long-term', 'patient' and 'diligent' ... and three years later, the trust was calling in the administrators.

{{content.question}}

SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles