Latest news with #ProductDisclosureStatement
Scoop
14-07-2025
- Business
- Scoop
Senior Trust Retirement Village Income Generator Reports $12.7M Annual Profit
Senior Trust Retirement Village Income Generator is a New Zealand company established to lend money in the form of loans to entities that own and operate retirement villages and aged care facilities. The annual audited financial report for the Senior Trust Retirement Village Income Generator (STIG) for the 12 months to 31 March 2025 has just been released. Key highlights include: Profit for the year = $12.7 million Gross distributions to shareholders = $12.57 million Shareholder capital = $198 million Zero debt = Senior Trust repaid all bank debt during the financial year Distribution rate paid = 7% (pre-tax) per annum After distribution payments, retained earnings in excess of $1 million The audited financial report can be viewed at Having made operational changes to the business, STIG recently lodged a new Product Disclosure Statement (PDS). The updated PDS reflects these amendments, which needs to be considered when reviewing Senior Trust's track record and provides comprehensive, up-to-date information for investors. Senior Trust executive director John Jackson said, 'We are committed to continuing to leverage the capabilities of our experienced team to deliver shareholder value to our investors while contributing to the provision of much-needed, quality senior living options across New Zealand.'
AU Financial Review
12-06-2025
- Business
- AU Financial Review
Rental crunch puts landlords at risk
Stress tends to be acute in cities. In Perth, at $629 a week, median rents now consume on average 67 per cent of income in suburbs like City Beach. While in parts of NSW, tenants are allocating more than 50 per cent of their earnings to housing. Nationally, rents have surged between 9 per cent and 31 per cent in high-demand areas, compounding affordability challenges. As these figures show, mortgage stress is affecting people right across the country. But from the landlord's perspective, mortgage repayments don't pause when properties are vacant. This means landlords can face immediate cash-flow disruptions when tenants break their lease or don't pay their rent. Add potential property damage or refurbishment costs like repainting or replacing flooring and losses escalate quickly, especially when properties are vacant while undergoing repairs. With cost-of-living pressures squeezing landlords' budgets, even minor rental-income gaps can reduce expected returns. In a worst-case scenario, investors may have to sell their property if they are not insured and can't pay for damage or mortgage repayments if tenants bolt or leave the property in need of repair. Mitigating these risks starts with finding a reputable local property manager who understands local laws and regulations and keeps landlords in the loop when they change. Aside from great property management, insurance is one of the best ways landlords can reduce the risk of losses affecting their returns. The right cover will depend on the type of property the investor owns. For units or apartments under a strata title, the building is usually insured through a body-corporate policy, which covers common areas like hallways or gardens. But this insurance does not normally extend to liability protection inside individual units, such as injuries to tenants or visitors. These policies also exclude cover for loss of rent due to tenant defaults or vacancies and repairs due to costs to repair issues caused by tenants or their pets. For investment properties that are freestanding homes on separate titles, lenders often require insurance to protect their financial stake in the asset. To protect rental income, landlords should consider a specialist landlord insurance product as they may find a standard home policy excludes landlord-related liabilities. No matter what type of property an investor owns, landlords should carefully review insurance-policy terms and consider supplemental landlord insurance to safeguard against tenant-related risks and potential income loss. The ongoing rental crisis makes partial coverage a risky bet for landlords. Being fully insured ensures protection for investments through all market shifts. Insurance issued by AAI Limited ABN 48 005 297 807 trading as Terri Scheer. Read the Product Disclosure Statement before buying this insurance. Go to for a copy. Target Market Determination also available. This advice has been prepared without taking into account your particular objectives, financial situations or needs, so you should consider whether it is appropriate for you before acting on it.
