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Ingenia Communities 2018 Annual General Meeting CEO Update

Ingenia is now in a period of accelerated growth as we build out our development pipeline in key capital city and coastal markets. We now have 10 communities under development, including Hervey Bay, and our development pipeline is by far the largest in the industry – larger than the combined pipelines of our two biggest peers.

Ingenia is now at the forefront of lifestyle (land lease) communities across Australia. Over the past few years lifestyle communities have transitioned from being a niche, largely unheard of seniors and downsizers housing model into what is now one of the fastest growing property classes across Australia. Retirees are embracing the simplicity and transparency of a model where residents buy the home and rent the land. Where you pay no stamp duty or legal costs, where there are no deferred management fees and residents get to keep all of the capital appreciation of their home. This is a housing solution with a genuine and meaningful cash out from selling the family home and moving into a vibrant and engaging community.

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