Retirees Drive Australian Trailer-Park Boom
From bloomberg.com
John Purnell, 75, and his wife Patricia, 72, moved into a factory-built house in a converted trailer park west of Sydney this year, eschewing traditional retirement communities and other homes in the area. “Retirement villages are quite expensive,” Patricia, a former payroll clerk at a seniors facility, said in an interview in their A$254,000 ($224,053) 160-square-meter (1,722-square-foot) air-conditioned home, which features built-in wardrobes, a separate laundry cupboard and a carport. Nearby houses had minimum price tags of about A$350,000 and needed a further A$50,000 of work, she said. Australia’s expanding ...
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