Stockland said consumers needed a stable, or falling, interest rate environment for sales to increase in Australia’s housing market, even as it said new home sales had jumped by 18 per cent in the three months to March 31 and new inquiries were up strongly.
The country’s largest listed diversified developer said net new sales in master-planned communities picked up to 1242 in the third quarter, and volumes were expected to remain at current levels in the near term.
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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
