The speed of growth of Australia’s land lease sector has surprised Simon Owen, Ingenia Communities’ outgoing chief executive, and a pioneer of the business in Australia.
Owen, who earlier this month announced his departure from Ingenia after 14 years of building it up to have the largest portfolio of land lease lots in the country – with 11,000 operational, in-development and pipeline home lots – says it wasn’t like that in 2012, when he was attempting to buy his first community in Morisset in the Hunter Region of NSW.
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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
