MLC Asset Management’s Anthony Golowenko was asked if he had $10,000 where would he invest it. The answer: Ingenia Communities because of the fundamentals of the housing market and Ingenia’s development pipeline.

It is one of three stocks he nominated.

Why Ingenia Communities

“Ingenia Communities provides a more affordable housing solution to older Australians with lower levels of retirement savings, as well as via their Holidays business, and an ability to provide cost-effective domestic tourism cabins and sites to those households more acutely feeling the strain of mortgage and/or cost of living pressures,” said Michael.  

“The development pipeline of Ingenia’s manufactured housing land lease business is likely to be delivered more slowly in the near term. That being the case, the medium-term housing affordability challenge and demand-supply imbalance should provide an offsetting tailwind. Established housing communities may offer strong underlying cash flows, where rental reviews can be linked to inflation.”

Earlier this month the owner/operator of land lease, rental and holiday parks, whose Managing director and CEO is Simon Owen, said it had 14 projects on the go with 288 deposits and contracts on hand to support settlements growth in FY24. 

The SOURCE: LLCs are jut part of the housing solution. Both LLCs and the retirement village sector will build approximately 3,000 new homes this year.