Stockland is pulling out the stops to tap a market for downsizing Baby Boomer accommodation that it says can absorb up to 14,000 new homes a year – more than triple the current level of development.
The developer, which two years ago acquired a portfolio of 3800 land lease lots with its $625 million purchase of Queensland operator Halcyon, has boosted its pipeline of completed and planned lots to 9200 over the next five years.
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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
