Ryman to Look Over Softer Melbourne Prices. FVE Unchanged at NZD 13
The slide in Melbourne dwelling prices continues, as CoreLogic reports a 9.8% decline in the median dwelling price for the year to March 2019, bringing the total decline since the peak to 10.3%. We are not overly concerned by the orderly retracement in dwelling prices as retirement living and aged care are very long-duration businesses. There is a silver lining to falling dwelling prices, as prices for development sites are falling, helping to restore initial development margins on future sites ...Ryman Healthcare develops, owns and operates integrated retirement villages, resthomes and hospitals for the elderly within New Zealand and Australia.
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