It would be interesting to put this table to LIC management to see what their response would be.
Personally I view the DMF as like a sinking fund in a strata title situation. I read somewhere that LIC intends to have major capital upgrades every 30 years. The weekly fees cover mowing the lawns and fishing leaves out of the pool, but what happens with the infrastructure at an Ingenia or Stockland community after 30 years? To put it in this fellows terminology, would you let your Mum buy into a strata title situation where zero dollars are getting set aside in the sinking fund? Perhaps they have a plan but I can’t see where the money is going to come from.
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