Stockland maintains its position on ‘affordability’

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Stockland, the largest residential builder in Australia, reaffirmed in its latest Investor Briefing that their view of ‘affordable’ housing is between $300-$425K in retirement villages and $350-$475K in normal residential housing. This is confirmed in the McCrindle Baynes Village Census where 75% of 10,606 village residents sold their family home for less than $500K prior to moving into the village. Given a prospective resident will want at least $100,000 left over from the sale of the family home, the real market for village ILU’s is under $400K. (Stockland also quotes 175sqm as its standard size for a new family home).