Park homes are becoming an increasingly popular choice for Australian retirees due to expensive house prices down under.

According to Jason Kougellis, Managing Director for Australia and New Zealand at GE Capital, park homes “provide an affordable solution for an ageing population in a country that has some of the most expensive real estate in the world.” GE Capital, which has lent $US5 billion to manufactured housing operators in the US and Canada, plans to start doing the same in Australia. (The Sydney Morning Herald)

If demand for park homes continues to increase, the country could see a significant rise in park home sites. Many sites, which are often converted from holiday villages to permanent homes, boast attractive features such as recreational halls, BBQ areas and swimming pools. Many of the park homes often have their own porches and gardens too.

Although unable to insure park homes in Australia, Coast can offer competitive rates on park home insurance within the UK. Call Coast today on Freephone 0800 614 849.

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