Australian Land Lease Community on the Block

A 100 home site manufactured housing community has been listed for sale in New South Wales, on the south east coast of Australia. Residents of Acacia Ponds Village near Mirambula pay $85 a week for site rent, and it is 83 percent occupied, making it a good investment because of the consistent rent returns and room for upside, according to what CBRE’s Andrew Jackson tells CBRE recently sold the Oaklands Village Manufactured Home Estate in Wollongong for $13.4 million to Alceon of Australia, which, MHProNews has learned is an advisory capital and investment firm.

(Photo credit: TriStar Estates)

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