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Issues In Property Management: Caravan Parks- Housing On The Fringe- The Frankston View, Lynne Armitage, Victoria Brown

Lynne Armitage

Whilst investment pressure from excess funds generated by compulsory superannuation contributions is creating opportunity for major international investment in property, at the current extreme of the property investment continuum lies the caravan park. Here, owners and investors also seek a positive return on investment but are stymied by a complex web of concerns which differ in character, though sometimes not in substance, from those of better recognised property investment vehicles.

Across Australia ownership of such parks is widely distributed amongst generally small investors many of whom are owner-operators of the park. This piecemeal pattern of ownership and the very broad …