Stockland looks to ride ‘moderating’ housing market
The developer says the fundamentals as it locks in enough sales to see it through the market slow down amid a 25 per cent profit jump in the past financial year
The developer says the fundamentals as it locks in enough sales to see it through the market slow down amid a 25 per cent profit jump in the past financial year
ASX on its best winning streak in 15 months with a fifth week of gains. TPG plunges, AGL profit hit, Woodside leads coal rally and gas security mechanism to last till 2030.
The country’s largest listed residential developer has defied the gloom and will hit the top end of its earnings guidance.
ASX 200 ends strong month with 0.8pc rise to 7-week high as results from Amazon and Apple add to positive US leads. Goodman up 4.6pc on falling bond yields. Origin up 4.2pc despite writedown.
Sydney will soon be home to yet another major technology precinct, one that developer Stockland believes will be the largest of its kind in Australia.
Analysts at Macquarie have named companies and property groups with the potential to promote credentials for producing low-carbon products.
House sales are still strong but the environment will moderate once the Reserve Bank lifts rates.
Former Kevin Rudd flak Lachlan Harris was spotted at Stockland Merrylands distributing flyers for Labor candidate Andrew Charlton on Saturday.
New Stockland chief executive Tarun Gupta is shaking up the property major and now wants to find a partner for its convenience-based retail centres.
New boss Tarun Gupta says immigration may be the ‘X-factor’ for the housing market, as the property group cuts ties with past failed strategies and fast tracks transformation.
Some of the largest names in the private equity world were in the mix for the sales process in an even clearer sign they are cashed up and ready to spend in Australia.
The country’s largest developer is believed to be reviving attempts to sell at least a stake in its retirement business.
Australia’s largest residential property developer will keep riding the housing boom, but will also forge more deeply into offices and the industrial market.
Several Australian corporates now offer six months parental leave, with others not far behind as they compete to retain staff.
Demand for house and land packages within property developer Stockland’s communities has only increased as the housing boom continues.
The shopping centre sale shows life is returning to more of the sector with subregionals trading.
The country’s largest residential developer says price growth is moderating and it is looking to bring on more supply.
ASX 200 closes slightly lower. Iron ore futures rising. Cochlear guidance disappoints, Sydney Airport losses deepen, Stockland shares down.
Stockland has signalled it will forge much deeper into the logistics property market and is working on a $2bn industrial precinct in Melbourne’s west.
Two Queenslanders who turned a chat at a barbecue into a portfolio of over-50s lifestyle villages have struck a $620m deal to sell the business.
Some believe Stockland’s unexpected assault on Halcyon is a sign that recently appointed chief executive Tarun Gupta, who started last month, is keen to make his mark.
Stockland is looking to put its stamp on one of the city’s best locations as new towers spring up around it.
Fresh housing supply could stave off worries about rising prices, says the country’s largest listed housing developer.
It’s been seen as death to women’s careers, but a new report urges a broader view.
Interest from Stockland in lifestyle communities provider Halcyon is believed to be cooling.
Developers can deliver more housing but require greater certainty on approvals to make projects work, says Mark Steinert.
The developer says home inquiries are running 40pc ahead of normal and the conditions are set to continue ‘for some time’.
Stockland, the nation’s largest residential developer, is seeing a lasting home sales surge that should push beyond the end of stimulus packages.
Australian stocks rose strongly and BHP hit a record after gains on Wall Street. Flight Centre, Qantas shares rose despite losses. Zip Co and A2 Milk dive. ASIC sues NAB.
Ahead of Mark Steinert’s exit, the property developer has brought back guidance as retail trade improves and the residential market booms.
Original URL: https://www.theaustralian.com.au/topics/stockland/page/3