Park Asset Management Services Pty Ltd Information

Park Management Services Pty Ltd is an entity that has been created by Harvest Property Pty Ltd and Ottawa & Co Pty Ltd in joint venture to acquire and manage manufactured home, permanent resident and tourist caravan parks. As cities expand, more and more parks are being converted from "eyesores" into subdivisions that appeal to mainstream buyers. As more and more people get comfortable with the economics of the affordability equation and the ownership regime that applies to this sector, the more demand that is being generated. Manufactured Home Parks now have the capacity to provide a legitimate return from residential property investment at a level that will attract higher level investor interest. Turnover in home parks is low – many residents are retirees who plan to stay throughout their retirement. It is much more difficult for a manufactured home resident to move out and find new accommodation than it is for a single family home. Park Asset Management Goals: 1. Management of this property sector is essential. 2. Park Asset Management Services was established to manage each of the parks and provide a level of uniform professional management between the investors and the day to day operations of the park. 3. The directors of Park have significant experience in this sector and dealing with the associated legislative framework that applies to this sector of the market.