Investor inquiries have more than doubled from their trough last year, further boosting demand for new homes for Stockland, which has upgraded its forecast for settlements for this year.
The country’s largest listed residential developer on Tuesday said it expects to settle 6300 homes this year - up on last year’s 5878 – and that with inquiry levels surging, investors now made up 25 per cent of those compared with about 10 per cent in mid-2020.
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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. Based in Melbourne, Michael is on Bluesky @michaelbleby.bsky.social. Email Michael at mbleby@afr.com
