The valuation of self-funded retirement villages in Australia

Changing demographics will see an increasing demand for self-funded sector retirement villages in Australia. As such, valuers can expect to be more involved in providing valuation advice in this sector, although the central issue remains that retirement villages are complex businesses. They have been described as management intensive operating businesses with a substantial real estate element. As a result the valuation process in this sector requires a different type of analysis, in comparison to the traditional real estate based investment.This paper provides an analysis of recent trends in the demand for retirement villages and examine current practise with respect to valuation thereof. It emphasises the need for a greater awareness of the &lsquo;business enterprise value&rsquo; component and provides a framework within which the components of value can be better understood. The purpose of the paper is to provide a foundation for a greater reliability with respect to valuation advice.<br /

Symmetry, singularities and integrability in complex dynamics II: Rescaling and time-translation in two-dimensional systems

The explicit integrability of second order ordinary differential equations invariant under time-translation and rescaling is investigated. Quadratic systems generated from the linearisable version of this class of equations are analysed to determine therelationship between the Painlev\'e and singularity properties of the different systems. The transformation contains a parameter and for critical values, intimately related to the possession of the Painlev\'e Property in the parent second order equation, one finds a difference from the generic behaviour. This study is a prelude to a full discussion of the class of transformations which preserve the Painlev\'e Property in the construction of quadratic systems from scalar nonlinear odes invariant under time translation and rescaling.Comment: 25 pp, latex. To appear in J.Math.Anal.App

Schemata for reading and reading comprehension performance

Bibliography: leaves 51-56Supported by the National Institute of Educatio

Decline and decadence in Iraq and Syria after the age of Avicenna? : ʿAbd al-Laṭīf al-Baghdādī (1162–1231) between myth and history

‘Abd al-Laṭīf al-Baghdādī’s (d. 1231) work Book of the Two Pieces of Advice (Kitāb al Nasīḥatayn) challenges the idea that Islamic medicine declined after the twelfth century AD. Moreover, it offers some interesting insights into the social history of medicine. ‘Abd al-Laṭīf advocated using the framework of Greek medical epistemology to criticize the rationalist physicians of his day; he argued that female and itinerant practitioners, relying on experience, were superior to some rationalists. He lambasted contemporaneous medical education because it put too much faith in a restricted number of textbooks such as the Canon by Ibn Sīnā (Avicenna, d. 1037) or imperfect abridgments