Lendlease village resales down 28%, Stockland down 16% July to December

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Following Aveo’s announcement that its resales were down by 42% over the last half on 2017 (513 units in HY17 down to 299 in HY18), Lendlease has announced its sales were down 28% (453 units down to 325) and Stockland was down 16% (325 to 272).

Speaking to operators across the country, sales are still challenging. We are prepared to predict that January to June sales will be around 10% down for the sector.