The company offers housing to baby boomers under a structure where people buy the house and not the land.
New Govt plan comes after a record 510,000 people migrated to Australia in 2023, putting pressure on housing but keeping the country out of recession.
The deal is sure to be scrutinised by the ACCC, both for its size and also for its integration of wholesale and retail.
The companies have confirmed discussions to merge and create a new company valued at A$80b.
The deal comes after merger partner Sigma supplanted Ebos as New Zealand supplier earlier this year.
The company’s code says people can be removed in ‘serious cases’.
The data is more evidence that the RBA might be at, or close to, the top of its tightening cycle.
Some workers allegedly saw their income decline by as much as A$30,000 per year
While keeping rates unchanged today the central bank has not ruled out further hikes next year.
Henry Heng was charged with giving a false impression that shares in his company were being actively traded.
