The pandemic has driven structural change in housing patterns and one-fifth of the customers of Stockland, the country’s largest listed residential developer, choose to live further out from cities than they otherwise would, chief executive Tarun Gupta has said.
In his first interview since taking over from Mark Steinert this month, Mr Gupta said the shift, driven by more people working from home, would stay for the foreseeable future.
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Michael Bleby covers commercial and residential property, with a focus on housing and finance, construction, design & architecture. He also dabbles in the business of sport. Michael is based in Melbourne. Connect with Michael on Twitter. Email Michael at mbleby@afr.com
