Stockland confirms improved sales conditions

Apr 23 2009 Updated July 4, 2023

The Weekly Source

1 min read

Across Australia village operators are reporting a rebound in sales in March, with several reporting they have matched the March monthly target set in budgets July last year. Stockland revealed to institutional investors that its average monthly sale in its Retirement Village division was 29 ILUs for the July to December quarter, jumping to 36 ILUs per month in the January to March 09 quarter.

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What does the ‘voiding’ of the land lease DMF in Victoria mean for retirement villages?

By our calculation up to 35-40% of retirement village contracts could have their DMFs voided as well if applied across the country. We can’t see this actually happening but we do believe lawyers received a mid year Christmas present yesterday when...

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