Stockland is the largest residential builder in Australia and it predicts this week a lower profit in 2013 to 2012. However it also predicts its Retirement Living Group will sell more ILUs about 300 new homes in 2013 compared to 268 in FY 2012. As such it is bucking the national retirement village trend. They state housing is still very poor with negligible impact from recent interest rate reductions. They say national housing approvals are 20% below the long term average, with house pricing under downward pressure in Melbourne and SE QLD, there are signs of improvement in Perth and SW/NW Sydney, but flat elsewhere in NSW. Their research shows consumer attitude is shifting from what can I afford to what debt am I willing to take on.
18,650 social and affordable homes funded as 370 homes set for repurpose
The Australian Government’s flagship Housing Australia Future Fund (HAFF) has agreed to fund 9,284 social and 9,366 affordable homes through 279 successful projects under the first two funding rounds of the HAFF and National Housing Accord Facility...