Stockland overshot its own housing predictions in the year to June as a final quarter rush of activity allowed it to settle 5637 lots and predict a further boost in settlements over the medium term.
The strong headline figure disguised variations in Australia’s highly regionalised housing market, with stronger settlements in WA, Queensland and NSW offsetting weakness in Victoria, where cancellations of 20 per cent of sales topped the national 15 per cent average.
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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
